3 Stocks to Buy When Others Are Fearful
What we're witnessing right now is truly unprecedented in a number of respects.
On one hand, the response to slow the spread of coronavirus disease 2019 (COVID-19), which had claimed over 7,000 lives globally, as of March 16, is something that many of us would have found unimaginable just a few short weeks ago. Throughout the United States we've witnessed school closures, sporting event cancellations, and even mandated shutdowns for restaurants and bars in select states.
Meanwhile, financial markets have been roiled like never before. It took a mere 16 trading days for the U.S. stock market to move from all-time highs to bear market territory, which is the fastest such move in history. We've also seen the iconic Dow Jones Industrial Average log seven of its nine largest single-day point declines, as well as its four-biggest single-day point gains, over a 15-session stretch. There's a very clear concern that a recession may be imminent.
Source Fool.com
