ACTV - Baby Boomers Better Get Out Of The Stock Market Now
2024-07-21 22:12:16 ET
Summary
- Market corrections are common, occurring every 1.2 years on average since 1980, but recoveries are quick, averaging just 4 months.
- Many believe the next crash could be among the worst, so far worse than average.
- Baby boomers should be concerned about protecting against worst-case scenarios in the stock market to avoid financial ruin.
According to Understanding Stock Market Corrections and Crashes :
- On average, the market declined 10% or more every 1.2 years since 1980, so you could even say corrections are common.
- However, once the market starts to turn, it can recover quickly. The average recovery time for a correction is just four months!