Nasdaq Bear Market: 3 of the Cheapest Stocks You Can Confidently Buy Right Now
Let's not sugarcoat things: It's been a trying year for most investors. Since hitting their all-time closing highs, the iconic Dow Jones Industrial Average and widely followed S&P 500 have declined by more than 10%. It's been an even uglier ride down for the growth-dependent Nasdaq Composite, which has shed as much as 31% of its value on a peak-to-trough basis since November and is squarely in the grips of a bear market.
Although the velocity and unpredictability of downside moves during bear markets can be unnerving and test the resolve of investors, history conclusively shows that these dips are buying opportunities -- at least for patient investors. Over time, every notable decline in the major indexes, including the Nasdaq Composite, has eventually been cleared away by a sustained bull market.
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Source Fool.com
