US markets take big hit; Dow down 1400 points

Posted at 6:05 PM, Jan 15, 2016
and last updated 2016-01-16 14:15:04-05

The stock market took another huge hit Friday putting the Dow Jones down more than 1400 points in the last two weeks.

The S&P 500 and Nasdaq lost 2.3 percent and 2.7 percent, respectively.

But while the slide has some fearful of bottoming out, others said they aren't moving their money yet.

"I've seen it fluctuate before, so I'm not really worried," said Glenn Fischer, a retiree.

It's been a volatile year for the markets and experts like Brad Jenkins, CEO of Jenkins Wealth in Colorado, said all the indicators pointed to this back in the summer months.

"They told us in August of last year, it was time to remove all stocks from portfolios and move everything into cash," said Jenkins.

The volatility has been caused, in part, by oil prices dropping below $30 a barrel, the cheapest since 2003.

"Portfolios now are going to be globally intertwined," said Jenkins. "We cannot ignore the fact that China does play in a role in how you're going to perform inside our borders."

Jenkins said the public can use online sites to track the 200-day moving average, and find when it is safe to invest.

And for some of his clients, he's finding a bright side -- this is a good time to buy.


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