3 Things You Shouldn't Do if the Stock Market Crashes
The stock market has experienced a sharp decline, or even crashes, several times over the years. No two plunges are alike, and the causes are diverse -- including computerized trading in 1987, the 9/11 attacks in 2001, the global financial crisis in 2008, and the COVID-19 pandemic in 2020. Often, these events are what investors call black swans, meaning they are nearly impossible to anticipate.
Other market shocks are easier to predict. For instance, the current debt ceiling crisis has thrust the possibility of a crash back into the headlines. If the president and Congress cannot reach an agreement, the U.S. could conceivably default on its obligations, and the stock market could plummet. Most agree that a deal will be made because the stakes are so high; however, it could come down to the wire, and investors should be prepared.
So what are the dos and don'ts for investors during a plunge?
Source Fool.com
