North Central Florida may be a long way from Wall Street, but the effects of the economic crisis are still being felt by the country's southernmost state.

Financial advisors hear the same question all the time: "When is this going to end?" And while the stock market lows are historic and merit concern, W.J. Rossi, partner at Koss Olinger Financial Group, said they need to be taken with some perspective as well.

"Luckily in Gainesville we're somewhat insulated from some of this as far as direct impact," Rossi said. The key, he said, is to diversify.

"Take a look at your concentrated position of stocks. Companies that you never thought would go under, the largest bank in the U.S. Close their doors," Rossi said.

But Melanie Shore, senior vice president of Mercantile Bank, said there is no need to take money out of the bank. "People are mostly wanting to know if they are covered, they want to know if they have FDIC insurance," she said. Shore also said this is the time to determine if banks are backed by the Federal Deposit Insurance Corporation, which will cover up to $100,000. And if necessary, the coverage can be expanded through family members, she said.

Still, financial experts don't expect confidence to be restored until the stock market is back up. Tuesday marked the final day of the third quarter. There has not been four negative quarters of the S&P 500 since 1977.