These 2 Stocks Are Once-in-a-Decade Buying Opportunities in an S&P 500 and Nasdaq Bear Market
Investors have become increasingly pessimistic over the past year, worried that runaway inflation would cause the economy to sink into a recession. That concern has been amplified by a series of aggressive rate hikes from the Federal Reserve, and the stock market has fallen sharply as a result. The S&P 500 is now down 23% from its high, and the Nasdaq Composite is down 34%, putting both indexes in a bear market.
Fortunately, there is a silver lining to that carnage. E-commerce leaders Amazon (NASDAQ: AMZN) and MercadoLibre (NASDAQ: MELI) have seen their share prices fall sharply. Both stocks have lost more value during the current downturn than at any other point in the past 10 years. That means investors have a once-in-a-decade buying opportunity.
Here's why the future looks bright for both companies.
Source Fool.com
