LYV - Should You Buy Stocks When the Market Crashes?
The past couple of weeks have been the most insane period many investors have ever witnessed. Fears over the health and economic impacts of COVID-19 has caused more days of extreme volatility in the past few weeks than in the past few years. Any one of about a half-dozen days over the past two weeks would qualify as either the single best, or single worst, day for stocks in at least a decade.
How crazy has it been? On Thursday, March 12, both the S&P 500 and Dow Jones Industrials fell 10%, the worst day for stocks in more than 32 years. On Friday, the markets rebounded late in the day to gain 9%, one of the best days for stocks in decades, but stocks still fell more than 10% on the week and are still down 20% from the 2020 peak.
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