Another short post. I’m just sharing useful information as I see it.
This bear market is quickly creating opportunities for long term investors. Many brand-name stocks are down considerably from their recent highs. Some of these companies will be devastated by the coronavirus. Others marginally impacted. Do your research.
The market is still in the shitter so stocks may continue to decline in value. I would be cautious when putting new money to work. But the stocks listed below are on sale right now.
Think about it this way: if there were a pair of Nike Air Max 1’s you had your eye on for a year and suddenly they dropped in price by 25%, would you buy them?
As of 3pm on Wednesday, March 11, 2020 the following brand-name stocks have dropped up to 69% from their recent highs:
Source: Jon Erlichman, anchor for Bloomberg’s “The Open”.