USC Professor Says Investors Shouldn’t Worry About Stock Market

[gtxvideo vid=”vJBmu9ao” playlist=”” pid=”rkijshg2″ thumb=”http://player.gtxcel.com/thumbs/vJBmu9ao.jpg” vtitle=”Stock Market”]

Columbia , S.C. (WOLO) — For investors it was another tough day on Wall Street as the DOW dropped more than 1000 points just minutes after the opening bell. “Markets are very volatile, they fluctuate wildly,” explained USC Finance Professor Colin Jones. Jones said the dip in the market over the past few days can be attributed to several factors, including growing economic concerns. “China’s been slowing down, the feds want to raise rates, those two things collide and people are worried, there’s a lot of uncertainty across the globe,” said Jones. By the end of the day Monday, the market closed at just over 500 points. Jones said the daily fluctuations are normal and investors need to focus on the long-run and not lose sleep over the short-term. “Bad day to day, bad week in general, the average investor shouldn‘t be concerned,” explained Jones. “Last 35 years, a dip like this 5 percent down in a week happened 28 times, it’s bounced back. Hopefully if the past resembles the future we‘ll be stable”