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David Hefty, chief of Cornerstone Wealth Management, says the benchmark Dow Jones industrial average could tumble below 5,000.
Analysts believe the price could tumble below $30 a barrel in the coming weeks.
Still, some economists had expected the jobless rate to tumble below 4percentt, and investors drew some confidence when it did not, traders said.
Some analysts warned it could tumble below the psychologically important 10,000 mark, which would represent a 2.7% drop from Friday's close, with one analyst at Toyota Asset Management telling Reuters it could fall below 9,000 soon.
Largely because of Greece and the euro quandary, for example, Deutsche Bank predicted in a report last week that the yield on the 10-year United States Treasury note, which dropped to a low of 1.698 percent this month, could tumble below 1.5 percent this year.
However, the volatility in commodity prices last year shook up that neat system, especially when prices on the spot iron ore market began to tumble below contract prices.
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In the 2000s it tumbled below 1%.
Oil tumbled below $82 a barrel, knocking commodity stocks.
Prices have tumbled below $100 for basic systems.
And the euro, so strong for so long, tumbled below $1.49 to its weakest value since February.
If clothing prices were denominated in end-1992 dollars, prices would have tumbled below many other products, such as food and drink (see chart).
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