Pence: Stock Market Sell-off is Ebb and Flow
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 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.
Headed to Japan & S Korea to strengthen the relationship between the U.S & allies, reiterate our commitment to continue to isolate N Korea & ensure N Korea doesn’t use the Olympics to paper over the truth about their regime which oppresses its own people & threatens other nations pic.twitter.com/sTOjD4jAwt
— Vice President Mike Pence (@VP) February 6, 2018
"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