The Nasdaq Just Hit Correction Territory. Here's 1 ETF I'm Loading Up on Regardless.
The Nasdaq party has been going on for a couple of years, but it seems the club owner has turned on the lights, with the index heading into correction territory.A stock market correction happens when a major index falls between 10% and 20% of recent highs, and that's exactly what has happened with the Nasdaq Composite, which is down over 9% year to date and over 13% from its Dec. 16 high (as of March 10).Even though the index is slumping, that doesn't mean the fun is over. If anything, you can view this time as an opportunity to pick up some high-quality stocks and exchange-traded funds (ETFs) that are becoming more affordable by the day.Continue reading
The Nasdaq party has been going on for a couple of years, but it seems the club owner has turned on the lights, with the index heading into correction territory.
A stock market correction happens when a major index falls between 10% and 20% of recent highs, and that's exactly what has happened with the Nasdaq Composite, which is down over 9% year to date and over 13% from its Dec. 16 high (as of March 10).
Even though the index is slumping, that doesn't mean the fun is over. If anything, you can view this time as an opportunity to pick up some high-quality stocks and exchange-traded funds (ETFs) that are becoming more affordable by the day.
