IWU finance expert: Market drop ‘a blip’

Posted on March 23, 2018
Despite the market dropping about two percent Thursday, a finance professor urges people not to panic. (Photo courtesy Flickr)

By Patrick Baron

BLOOMINGTON – A local economics expert is advising people not to panic over a drop in the stock market.

As President Trump imposes tariffs on China, the thought of a trade war looms over stock holders. On Wall Street Thursday, the market took a hit of two percent, prompting a surge of uncertainty. But Illinois Wesleyan University Assistant Professor of Accounting and Finance Jaime Peters is advising people not to overreact to the market drop.

“First of all, it was a minor correction,” Peters explained. “Yes, it dropped two-and-a-half percent at some point, but long term this is going to be a blip in the situation.”

Peters said she expects the market to rise again, and explained within two weeks the drop will be forgotten.

“The question is simply not ‘is the stock market overheated?’, it’s ‘when is it going to turn around?’,” said Peters.

Patrick Baron can be reached at [email protected].

Blogs

Labor Day – Expanding voting rights for all

By Mike Matejka Because of COVID, there is no Labor Day Parade this year.  It’s always a great event for our everyday workers to march proudly down the street and enjoys the festive crowd. If there had been a parade, this year’s Labor Day theme was to be “150 years of struggle: your right to vote.” …

Is federal mobilization the answer?

By Mike Matejka As President Donald Trump threatens to send federal marshals into Chicago, over the objections of Illinois Governor J.B. Pritzker, recall another Illinois Governor who protested the incursion of armed federal personnel into the city.   Those federal troops, rather than calming, escalated the situation, leading to deaths and violence. Illinois poet Vachel Lindsay…

In these troubled times, to my fellow white Americans

By Mike Matejka Our nation is at a unique watershed in human relations. African-Americans have been killed too many times in the past before George Floyd, but the response to this man’s death is international and all-encompassing. I was a grade-schooler during the Civil Rights 1960s. I watched Birmingham demonstrators hosed and the Selma – Montgomery…

Workers’ Memorial Day – Remember those whose job took their life

Looking around our community, when we say employer, most will respond to State Farm, Country, or Illinois State University.   We too often forget those who are building our roads, serving our food, or our public employees. COVID-19 has made us more aware of the risk.  Going to work every day for some people means…