Should you pull money from the market?

With so many ups and downs, should you pull your money out of the market?

Mike Lomas of Next Financial Group said, "That's tough to stomach. We don't have a lot of history of eight or nine or ten days in a row where the market's been down."

Lomas, a registered financial advisor, says his investors are jittery - and rightly so. Several signs have showed the economic engine has stalled. This losing streak has wiped out over a trillion dollars in value from the stock market. A scary thought. When it comes to your investments, you've heard it before: be patient and be diversified. Or?

"I would take advantage of the volatility, that's what I would do. See the market dip, re-balance your accounts, put a little back in. It dips a little more, do it again. You can do it in your 401Ks or your IRA accounts. Don't make panic decisions. The minute people make panic decisions is the minute they miss out on opportunities," said Lomas.

The nation's negative economic outlook follows the President's signing of the debt deal. We caught up with Congresswoman Kathy Hochul at an event in Amherst, fresh off the plane from Washington.

"The markets are reacting to this debt deal right now and lot of people are concerned about their 401Ks and their investments. It didn't have to be this way. Even with a deal no one's ever going to be quite sure that we won't go this far again," said Rep. Hochul.

The emergency bill calls for a congressional bipartisan committee to find $1.5 trillion in savings. Hochul says she's worried about cuts to education and infrastructure in WNY.

Rep. Hochul said, "It's very challenging, but there are people that dig their heels in and refuse to compromise. It's better than the alternative. The alternative would've let this country fall apart and I couldn't do that."

The hope is now investor's portfolios don't fall apart, and they can weather this financial storm.