Is It Safe to Buy Stocks Now?
On June 9, the Nasdaq Composite briefly crossed the 10,000 mark for the first time in its history, an achievement few would have predicted just a few weeks ago, when the market was imploding amid fears caused by the COVID-19 pandemic.
But this victory was short-lived: On June 11, the stock market had one of its biggest one-day plunges since mid-March. It was a reminder that despite the market's strong run over the past few weeks, we may not be out of the woods just yet. Even with this caveat, though, I think it is safe to invest in stocks right now, particularly for investors playing the long game. Here's why:
There's no doubt that several things could cause the market to crash again. For instance, there have been scores of protests across the country over the past few weeks, and these protests have attracted thousands of people. If these gatherings lead to a surge in COVID-19 cases (which some medical professionals have said could happen), renewed fears about the pandemic could lead to another sell-off.
Source Fool.com
