Dow Jones Bear Market: 3 of the Cheapest, Safest Stocks You Can Buy Today
On Monday, the Dow Jones Industrial Average crossed into bear market territory, touching an intraday low of 29,161 -- 20% below the high it hit in late December. To put this event in context, the last time the Dow experienced a bona fide bear decline, the world was early in the throes of the COVID-19 pandemic.
Nor is the 30-stock Dow the only index that's down in the dumps right now. Across the much broader S&P 500 index, which tracks 500 of the biggest U.S. companies, the average price-to-earnings ratio currently is 18.4 -- a level that index last saw in 2014. And individual sectors of the stock market look even more attractive than that.
Take oil stocks, for example.
Source Fool.com
