With the scare of recession and bankruptcy, local investors may make a huge mistake during these woes on Wall Street: taking their money out of the market and simply putting them into a savings account.

While lawmakers battle it out in Washington over the need for the Bush Administration's $700 billion bailout, local financial advisor Larry Jones says some investors are not dealing with the crisis properly.

"The market does go through gyrations, it does have volatile times," says Jones, "The worst thing people can do it go to cash... when the market turns around it would be wise that they are investing."

The best time to buy stocks are when they are low and have a significant chance of improving, like now, but don't be too brash. Jones says to make sure you keep your long-term future in mind and don't make any drastic, "Stay calm. Stay patient. Don't do anything that you will regret long-term."