Markets have been volatile lately, starting out the year on a wobbly foot and worrying many investors.
Monday's markets were pulled lower by further weakness in oil prices as energy shares led declines, with major indexes retreating after last week's strong gains.
Edward Jones Financial Advisor Greg Seibel says people tend to forget how often this sort of slide happens.
- Seibel: This is a Regular Pattern
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Typically, Seibel says the short-term sentiment or opinion aligns on something, leading to a bigger supply-and-demand to create that change. Seibel compares following daily markets to meteorologists predicting the daily weather -- it's not perfect and not on the mark every time.
Oil continues to slide in price, falling six percent on concerns of oversupply after news that Iraq's output reached a record last month. This has led to losses for most energy groups big and small, with Texas and Oklahoma hardest hit. Kansas has felt the affects of lowered oil prices, but Seibel says most folks have enjoyed the side effect of this problem -- lower gas prices. That, Seibel says, leads to people spending more money elsewhere, in turn helping the economy and furthering the cycle of finance.
For further market information or advice, consult your financial advisor.