Wall Street has been seeing an unnerving amount of fluctuation recently that has some investors uncertain for their future in the stock market.
Certain markets such as the DOW Jones, NASDAQ and S&P 500 are more closely monitored due to their effects on our economy. The DOW Jones has fluctuated around 6 percent in both directions in the past 48 hours.
Edward Jones financial advisor Greg Seibel has a few words of wisdom for the unwary during this shaky time for the markets. Seibel says that markets often move based off of public perception of the market’s status, with other determining factors such as the “trade war” with China as well as rising interest rates.
Seibel also advises those who play the stock market game to remain steady and “ride out the storm” as he predicts that the volatility of the markets will soon smooth out. Seibel warns investors not to become frightened and sell as the market drops. “No one gets rich by buying high and selling low,” as Seibel says.
A growing concern among many Americans is an oncoming recession on the horizon. Seibel wants to calm those claims as the signs of a recession have yet to be seen.
Volatility developed in October and has carried over into the new year, with markets swinging as much as 3 percent on a daily basis over the past week.
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