4 Things to Do Instead of Watching Your 401(k) Balance Drop
The expression "waiting for the other shoe to drop" originated in late-19th century New York. Apparently, you'd commonly hear your upstairs neighbor take off one shoe and drop it on the floor. Then, a moment later, you'd hear the other shoe fall. Investors right now are stuck in that terrible waiting game -- and, unfortunately, the stock market seems to have an unlimited supply of shoes.
On Feb. 19, 2020, the S&P 500 (S&P) closed at 3,386. Four weeks later, on March 23, the large-cap index had lost almost 1,150 points or 34% -- closing at 2,237. Given that COVID-19 now has several states under shelter-in-place orders, the economic uncertainty and market volatility are here to stay in the immediate term.
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Source Fool.com
