Smart Investors Will Be Buying These 5 Stocks in April
The past five-plus weeks have been nothing short of a rollercoaster ride for Wall Street and investors. Between hitting an all-time closing high on Feb. 19, 2020 and the previous Monday, March 23, we witnessed the benchmark S&P 500 (SNPINDEX: ^GSPC) lose 34% of its value. It marked the shortest time frame ever for the S&P 500 to push into bear market territory (16 trading sessions) and lose 30% of its value (22 trading sessions).
The market has also been exceptionally volatile on the heels of the coronavirus disease 2019 (COVID-19) spreading both globally and within the United States. Over a span of 22 trading sessions, beginning Feb. 24, 2020, the S&P 500 logged 10 of its 13-biggest single-day point declines, as well as its six-largest single-session point gains of all time.
If you're a day-trader who's tried to time this market, you've probably pulled your hair out in frustration by now. But if you're a long-term investor on the lookout for value, then the steepest correction in stock market history has provided quite the impetus to go shopping. Remember, no matter how steep or long a stock market correction is, each and every previous correction or bear market has eventually been erased by a bull-market rally.
Source Fool.com
