Business posted Feb 5, 2018 @ 04:10pm by Kent Molgat

Stock market plunge 'not the one'

The Dow suffered the biggest one-day drop since 2011, but investment advisors are keeping their cool.

Jason Del Vicario at Hollis Wealth in Vancouver admitted it was a very rough day.

“Even for me it still feels like a kick in the stomach,” Del Vicario told NowMedia.

But he said this is not being seen as another scenario like the one we saw in 2008. He pointed out the 4.6 percent drop comes after a January that saw a six percent rise.

“This is a long overdue correction and I think the bull market is still intact. And I think in a month or two we’ll look back and this was a pretty good buying opportunity."

Convincing people that this kind of a drop is a reason to invest, however, is always a challenge.

“Its funny right, when gas drops ten cents there’s a lineup. When the stock market drops 6% people are paralyzed.”

Del Vicario believes there will be a recession at some point, but this isn’t the one.

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