These 3 Dow Stocks Are Now Screaming Buys
It's been a whirlwind of a past six weeks for Wall Street and Main Street. Since topping out on Feb. 19, it took just over three weeks for the iconic Dow Jones Industrial Average (DJINDICES: ^DJI) to dip into bear market territory, and just over four weeks for the 123-year-old index to shed in excess of 30% of its value. At no point in its storied history have we ever seen a 20% or 30% drop from recent high materialize so quickly.
As you're likely well aware, the spread of the coronavirus disease 2019 (COVID-19) is squarely to blame. Not only has this illness claimed more than 3,000 American lives, as of March 30, but the stringent mitigation measures put in place in a number of major cities and states threatens to bring economic activity to a halt. Over the next couple of weeks, we could see some truly jaw-droppingly bad economic data.
And yet amid the carnage, there's the solace in knowing that there will be brighter days ahead. No matter what sort of economic crisis has been thrown at the Dow Jones Industrial Average over more than a century, it's always eventually put bear markets in the rearview mirror and pushed higher. The key, of course, is that investors have to hang onto their investments for the long run to take part in these bull-market rallies.
Source Fool.com
