Nasdaq Bear Market: 3 Absolute Bargains to Buy Now and Hold 10 Years
No matter how long you've been putting your money to work in the stock market, it's been a challenging past five months. Since the year began, the widely followed Dow Jones Industrial Average has dipped as much as 15% from its all-time closing high. The benchmark S&P 500 has fared modestly worse, with a peak-to-trough intraday decline that briefly touched 20%.
But it's the growth-stock-driven Nasdaq Composite (NASDAQINDEX: ^IXIC) that's been taken to the woodshed. In the six months following its record-closing high, the Nasdaq declined by as much as 31%, which firmly places the index in a bear market.
Image source: Getty Images.
Source Fool.com
