08-04-2025
Stock market tumbles but experts say don't panic
CENTRE COUNTY, Pa. (WTAJ) — Over the last few days, Wall Street and global markets have tumbled and experts say this is a good time to buy and not panic as this occurs more often than you may realize.
Brad Andrew an Economics and International Studies Professor at Juniata College said this happens every three to four years and uncertainty with President Trump's tariff threats has markets questioning the future.
'What they got were considerably higher tariffs on many of America's trading partners. And that created that was a really negative surprise,' Andrew said.
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The U.S. stock market closed lower as President Trump continues to threaten higher tariffs for those investing. According to Andrews, this is a time not to panic.
'The problem is that it reduces people's confidence, it makes them nervous. Sometimes it causes them to change their portfolio allocation, which is a mistake,' Andrew said.
The market currently is coming off its worst week since the COVID pandemic, Andrews says a rebound is coming.
'The COVID drop lasted approximately one month, and the market had regained all of its losses by the summer. That's unusual, usually, it takes longer to regain, but the point is that if one looks at like a 40 or 50-year history of the market, something like this is just going to look like a tiny blip,' Andrew said.
Andrews added that right now a change that could be made is buying stocks at a lower price.
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