10 Things to Do When the Stock Market Crashes
For most Americans, it's a thrill to know we're on the downswing of 2020 -- and it only took what felt like five years to get to this point. That's because the coronavirus disease 2019 (COVID-19) pandemic has completely undone societal norms, shut down a number of nonessential businesses, pushed more than 20 million people out of work, and caused record-breaking volatility on Wall Street.
It's been an especially wild year to be an investor. In less than five weeks, the benchmark S&P 500 (SNPINDEX: ^GSPC) plunged 34%, representing the fastest bear market descent in history. But in the following three months, the broad-based index gained back most of what it lost, with the technology-focused Nasdaq Composite ascending to new all-time highs. As I said, it's been quite the year.
Image source: Getty Images.
Source Fool.com
