XOM - Brutal Fourth Quarter Presents Long Term Investors With Opportunities
The fourth quarter of 2018 was rough for investors. Between the beginning October and the end of December stocks in general lost about 15% of their value. That move wiped out all of the gains they had enjoyed in the first three quarters and left the S&P 500 lower by just about 6% on the year.
Down years on Wall Street haven’t been that common. Since 1977, the broad stock market (measured by the S&P 500) has suffered annual losses only eight times. Going back further, we see that negative annual returns are even less