SBIO - Got $1000? Here Are the Smartest ETFs to Buy and Hold for 5 Years
For 11 years, it was relatively smooth sailing for investors. Following the March 2009 stock market bottom, all three major U.S. indexes ended up at least quadrupling in value, if not delivering even more robust returns. Then the coronavirus disease 2019 (COVID-19) pandemic came along and disrupted the economy, labor force, and stock market like nothing we'd ever seen before.
Uncertainties tied to the coronavirus pushed the broad-based S&P 500 into bear market territory in just 17 trading sessions, marking the fastest decline into a bear market in history. Ultimately, the benchmark index fell 34% in a mere 33 calendar days before rebounding to where it is today.
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