With the Economy Reopening, Is Now a Good Time to Buy Stocks?
The brutal stock market crash in February and March caused by fears about COVID-19's impact on the global economy likely spooked many investors. Capturing the staggering losses lots of people saw in their portfolios during the crash, the S&P 500 lost an incredible 34% of its value between Feb. 19 and March 23. Making the downturn exceptionally painful, it marked the fasted 30%-plus stock market decline in history.
But in mid-March, few would have guessed the torrid climb stocks were about to see in the coming months. With the stock market rebounding higher recently, many people are likely wondering if now is a good time to buy stocks.
While people interested in buying stocks today certainly won't find the bargains that were available to buy in March, there's definitely a good case to be made for buying stocks now.
Source Fool.com