Stock Market Plunge: 2 Value Stocks to Buy and 1 to Avoid Like the Plague
For the vast majority of the investing community, it's been a rough year. Since hitting all-time closing highs during the first week of January, the iconic Dow Jones Industrial Average (DJINDICES: ^DJI) and widely followed S&P 500 (SNPINDEX: ^GSPC) have respectively shed 11% and 14% of their value.
Meanwhile, the tech-driven Nasdaq Composite (NASDAQINDEX: ^IXIC) is lower by 24% since hitting its high in November. This greater than 20% decline places the Nasdaq in a bear market.
The velocity of moves lower has also picked up. On May 5, investors experienced what can arguably be labeled a stock market plunge. The Nasdaq Composite endured its third-biggest single-session point decline in history, with its peak intraday decline totaling 6%. The Dow and S&P 500 also registered top-10 nominal point declines on May 5.
Source Fool.com
