Experts: Recent Stock Market Volatility Unlikely to be Felt in W.Va.
Clarksburg Exponent-Telegram - Last week was marked by volatility and uncertainty on Wall Street, but experts said short-term trends in the stock market are unlikely to have much impact on what's happening in West Virginia's economy. Read
That said, as the global financial markets rise and fall by the hour, there are a number of longer-term economic trends impacting the Mountain State, they said.
"It's very limited in terms of what Wall Street means in West Virginia, especially considering so few people have investments in Wall Street in West Virginia," Ted Boettner, executive director of the West Virginia Center on Budget and Policy, said. "The stock market is not the economy, and it surely is not a reflection of people's day-to-day lives in terms of wages and incomes."