Brokers advise against panic selling

  • Thursday, September 13, 2001 9:00pm
  • Business

Local brokers urged caution Thursday following word that the stock market would reopen Monday.

Brett Lewis, manager of the Mountlake Terrace office of Raymond James Financial Services, urged investors not to panic and sell.

"We cannot allow the recent acts of terrorism to bring down the U.S. economic system," he said, adding he recommended "investors not sell positions once the markets reopen unless they had planned to sell those positions prior to the attacks."

Mary Basili, who manages the Edward Jones office in south Everett, agreed.

"Thankfully, we have lived through tragic events in the past, and will live through this one as well," she said in a prepared statement.

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