Financial advisors, in a snap CNBC survey, say their clients are mostly invested in the stock market and plan to hang onto their holdings.
Fifty-eight percent of the 26 advisors surveyed said their clients are fully invested, and 81 percent said they plan to retain their positions.
Fifteen percent said the Dow crossing 17,000 gives them an opportunity to speak with their clients about adding to holdings. Just one advisor said clients were selling at this level, and another said they were staying out of the market.
The S&P 500 was off 0.7 percent Tuesday after setting a series of new highs last week. The Dow's roughly 100 point decline put it below the 17,000 marker. The VIX, the market's fear gauge, jumped 10 percent for a two-day gain of nearly 20 percent.