3 Surefire Stocks to Buy in the Next Bear Market
The next bear market is already upon us (or soon will be). The tech-heavy Nasdaq Composite is down 28% year to date, while the S&P 500 index is down 17.3%. A bear market is generally described as a situation where the market falls by 20% or more from its previous high for a sustained period. So, depending on which market you follow, we are already there or we are flirting with it.
Keep in mind that these downturns occur more often than you might think. Since 1945, there have been 14 bear markets, or once every five years on average, according to research from Hartford Funds. Because the stock market has delivered an average annual return of about 10% over the last 50 years and there have been many sell-offs along the way, these declines create great opportunities to buy great companies at heavily discounted valuations that can improve your long-term returns significantly.
If you are looking to buy stocks in a fire sale, here are three stocks with bright futures to consider.
Source Fool.com
