Stock Market Plunges, Fear Increases
February 13, 2018
Around the first week of February, the stock market experienced record-breaking drops, creating panic in investors.
After years of a steady increase for the Dow Jones Industrial Average, it took a dramatic dip, falling as low as 23,421 points on February 9th. It appears to be a market correction, since it was getting close to its cap. It has been fluctuating and slowly increasing since that day.
“At this point, no one knows if it’s going to go up or down,” said investor Blake Loen. “It looked like it was going to start going back up for a while, then it turned back around.”
The news all around America has been a large contributor to the fear spreading across the country. The majority of headlines have been pessimistic and trying to make the issue seem larger than it actually is. Some are continuing to keep their heads up and look past the correction, keeping their sights on the long run.
“It is always going to seem worse in the short term,” said stockbroker Brock Loen. “The real question is how the market will look a few months from now.”
As always, the stock market will continue to be unpredictable. Corrections like this are not uncommon, and the market was overdue.