Nasdaq Approaches 10% Correction: Time to Buy?
The stock market has made volatile moves in 2020, and the last two days have been a whirlwind. After rising to record highs on dozens of occasions, the Nasdaq Composite (NASDAQINDEX: ^IXIC) is on the cusp of completing a 10% correction in less than two days. Shortly before noon on Friday, the Nasdaq was down almost 3%, after having been down as much as 5% earlier in the session. The day's low brought the index to within 10 points of an official 10% drop from its all-time intraday high.
Many investors have complained that with stocks moving straight up, there hasn't been a good time to buy. Yet when a correction like the current one comes, it can be just as hard to buy. Below, we'll look at some stocks that are down quite a bit more than 10% and see whether it makes sense for long-term investors to pull the trigger now.
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Source Fool.com
