Worried About a Second 2020 Stock Market Crash? Read This Before Doing Anything
In the past 20 years, there have been three moments of outright panic in the stock market:
It took the Nasdaq 15 years to reach previous highs in the first case. It took the S&P 500 five years and six months to recover in the second instance. And this year's pandemic? It took all of six months.
And yet, GDP has fallen by one-third (on an annualized basis), unemployment hovers near 8%, and by the end of the year, estimates point to 250,000 Americans dying as a result of the pandemic. It's enough to make a lot of people feel like the other shoe is about to drop -- again!
Source Fool.com
