5 Stocks Smart Investors Are Buying Right Now
It's been a rough couple of weeks for investors. Although stock market corrections are considerably more common than you likely realize, the speed by which the market has dropped over the past 2.5 weeks has certainly raised some eyebrows.
Since the S&P 500 (SNPINDEX: ^GSPC) hit its all-time closing high on Feb. 19, panic surrounding the spread of coronavirus disease 2019 (COVID-19), and a subsequent price fallout in the global crude market, has caused 19% to be lopped off the market's benchmark index. This past Monday, March 9, was particularly brutal, with the S&P 500 logging a 226-point decline, its largest in history, equating to a 7.6% drop. This marks its 17th-worst single-session percentage performance in history, and was the market's darkest day since the height of the Great Recession in 2008.
But the good news, at least when it comes to the stock market, is that there's always light at the end of the tunnel. Every single stock market correction in the S&P 500 has eventually been completely erased by a bull-market rally. The key is to simply find high-quality businesses at fair valuations and buy them for the long haul. This is the strategy that investment geniuses like Warren Buffett and Peter Lynch abide by, and they've been exceptionally successful while doing so.
Source Fool.com
