‘Stay the course’ advice wearing thin

DES MOINES, Iowa (AP) — The taxpayer price tag for fixing the economy keeps climbing, yet the stock market keeps falling. People are increasingly skeptical the government knows how to pull the nation out of its slump, and many have stopped listening to financial advisers reciting the conventional wisdom to “stay the course.”

“The rapid decline in prices in the stock market is really amazing, and I think it’s created a very uneasy feeling,” said Fred Fraenkel, chairman of investment policy at Madison, N.J.-based Beacon Trust Co. “(Investors are) very scared and confused, hoping this thing will get better but wondering what will happen if it doesn’t.”

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