Advertisement

Local News

News > Local News > Pence: Stock Market Sell-off is Ebb and Flow

Pence: Stock Market Sell-off is Ebb and Flow

Pence also talked about his upcoming trip to the Winter Olympics and a warning for North Korea.

WASHINGTON, D.C.--The stock market was expected to have another tough day Tuesday, after falling 1,125 points Monday, one of the sharpest falls ever in a single day. Vice-Pres. Mike Pence said he believes it is a short-term correction, and not a sign that the market is weakening.

The sell-off

"The sell-off represents what is very likely, simply the ebb and flow of our stock markets," said Pence, speaking to reporters Monday. "The most important numbers to focus on are the fundamentals.

Some experts believe the correction is a good thing, a sort of pressure valve since the market has been so hot.

The trip to the Olympics

Pence also talked about North Korea and his upcoming trip to the Winter Olympics in South Korea.

"Our commitment between the United States, Japan, South Korea and a broad range of allies and partners around the world, to continue to isolate North Korea economically and diplomatically until they've abandoned their nuclear and ballistic missile ambitions," said Pence.

He said the Winter Olympics provide an opportunity for the U.S. to make its position clear up close.

"We're traveling to the Winter Olympics to make sure that North Korea doesn't use the powerful symbolism and the backdrop of the Winter Olympics to paper over the truth about their regime-a regime that opresses its own people. A regime that threatens nations around the world."

Pence intends to attend the opening ceremonies with the father of Otto Warmbier, who died after being returned to the U.S. from a North Korean prison.

Pence also plans to visit Japan on his trip.

PHOTO: CNN Newsource

MONROE COUNTY, Ind . -- Some people plan on protesting the superintendent of a Monroe County school corporation...
INDIANAPOLIS --A double shooting Sunday has left 1 person dead and another injured on the northeast side of...
STATEWIDE --Four dog breeders from Indiana are on the Humane Society's "Horrible Hundred" puppy mill list across...
The WIBC News Special "Indiana Cold Cases" airs Thursday at 7 p.m., with more airings on Memorial Day...
STATE WIDE --The average price for a gallon of gas in Indiana is $2.95 per gallon, says Gasbuddy.com. That's over...