Dow dives on ho-hum earnings, oil worries by Carolyn Said, San Francisco Chronicle, Saturday, January 21, 2006.

Jon Chambers, principal at investment-consulting firm Schultz Collins Lawson Chambers in San Francisco, said investors shouldn’t fret over Friday’s one-day drop.

“The market will balance itself out. We’ll have bad days and good days,” he said. In fact, Chambers said, bad days are simply the price investors pay for potentially bigger payoffs in the long run.

“A day like today reminds us why we expect 10 percent (returns over time) from the stock market,” he said. “If you didn’t have greater risk, you wouldn’t have greater reward. You do better in stocks than in a money market or a bond because you have the risk of bad days, bad months or bad years. If you were never to have a bad day, month or year, and all you could expect would be a risk-free rate of return, then you’d get the same (low) return as a money market.”