PFE - These 14 Stocks Are Stupid Cheap
The severe acute respiratory syndrome coronavirus 2, or SARS-CoV-2 for short, has definitely made its presence felt on Wall Street during the opening weeks of 2020.
Despite a strong start to 2020, the Dow Jones Industrial Average, the Nasdaq Composite, and the S&P 500 are all in negative territory for the year. What's more, these three major indices have each fallen by over 10% in the past 30 days.
But if history is any guide, this SARS-CoV-2 induced sell-off should turn out be one heck of a buying opportunity. Some of the biggest gains in history, after all, have been made by savvy investors who bought stocks when everyone else was selling. The financial crisis of 2008 drives this point home.