Has the S&P 500 Finally Bottomed?
After gaining nearly 27% in 2021, the S&P 500, a benchmark for the broader market, quickly cooled off this year and gave a lot of those gains back. The index is now down more than 17% so far in 2022. Investors are eagerly awaiting a bottom (I know I am) after enduring a lot of pain in their portfolios this year. There have been some calls from experts and analysts that a bottom may be nearing, but no one knows for sure.
So how much farther could the S&P 500 potentially fall? Let's take a look.
As you might imagine, there's virtually no way to time a market bottom, so I wouldn't recommend trying it. In addition, we are currently in unchartered market conditions, and there is widespread dispute over whether a bottom is near.
Source Fool.com
