After talking to my nervous neighbors about the Nasdaq stocks they own, I discovered that most don’t want financial advice. So I’ll offer it here.
If the S&P 500 falls below 3,854, technically it would be in a bear market . These “one-day wonders” can decimate the accounts of short-sellers who don’t cover their positions in time. There are no guarantees, of course, because a lot depends on which stocks you own. Yet if you are properly diversified, then you can survive a bear market. Unfortunately, some stocks won’t survive, one of the reasons that it’s important to study both technical and fundamental analysis. Do your homework on stocks you own and don’t rely on tipsters or touts for trading decisions.
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