Investors: Could be a good time to buy rather than sell off stock

Oil prices fell below $27 a barrel

Traders observe a moment of silence before the opening bell on the floor of the New York Stock Exchange, Monday, Nov. 16, 2015, in the wake of the terrorist attacks in Paris on Friday. Stock markets in New York and in much of the world are proving to be more resilient today than many analysts had anticipated, in the aftermath of Friday's attacks in Paris. (AP Photo/Richard Drew)

CHICOPEE, Mass. (WWLP) – A turbulent day on the markets ended with a rally and almost in the green. The Dow Jones Industrial Average sank another 249 points after dropping as much as 565 points in afternoon trade.

The NASDAQ composite ended just 5 points lower, rallied by biotech stocks making the biggest turnaround in a day since 2008. And the S&P 500 ended 22 points down or about 1%.

Investors watched oil prices slide below $27 a barrel and markets worldwide were just as volatile.

While people are worried that this could affect their 401K, investors and market analysts say bide your time.  It could be a good opportunity to buy rather than sell off.

According to John Rogers, a Professor of Economics at AIC, “Dealing with a wall of worry, and markets if they climb a wall of worry, that’s actually a good sign. You really get concern when everybody is euphoric and everybody is jumping into the market, that’s usually a bad sign. So I think some of the fundamentals are still quite good.”

Rogers said unemployment rates have improved which means consumer spending will pick up once they gain confidence.

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