7 Top Stocks to Buy When the Stock Market Crashes
Over the last four-plus months, Wall Street and investors have been taken on an historic ride. Panic and uncertainty associated with the coronavirus disease 2019 (COVID-19) initially sent the widely followed S&P 500 lower by a whopping 34% in just 33 calendar days. That's the fastest and steepest descent into bear market territory in history.
However, over the following 11 weeks, the benchmark S&P 500 regained more than 80% of its losses, with the technology-focused Nasdaq Composite galloping to new highs. And mind you, all of this has occurred with the unemployment rate at highs not seen since the Great Depression and COVID-19 cases ticking higher in a number of U.S. states.
While the stock market has historically bottomed out well before the U.S. economy found its trough, there are a number of reasons to believe that the current rally may fizzle and yield to yet another crash. Even if it doesn't, stock market crashes are an inevitable occurrence in the investing cycle. When the next one does occur, use the fear and panic-selling to your advantage by purchasing the following seven top stocks at a discount.
Source Fool.com
