As the financial markets hit investors with gale-force gyrations last week, most advisers are telling their clients to drop anchor.

At least in the short term, most investors are heeding that advice, even as the Dow Jones Industrial Average fell 520 points on Wednesday, erasing the 429-point gain the day before. And on Monday, the Dow swooned by 634 points-the sixth-largest, single-day decline in history.

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