The U.S. Stock Market Crashed 15 Times in the Last 100 Years. History Tells Us It's Going to Crash Again -- But Hold Fast.
Here's what happens next, and what to do about it.
I come today bearing good news and bad news, and I'll give you the good news first: The S&P 500 (SNPINDEX: ^GSPC) is no longer in a "correction."
Since closing at its highest ever level of 6,144 on Feb. 19, this index tracking the performance of America's 500 biggest companies tumbled quickly to close at 5,522 on March 13, 10.1% below its all-time high. It's recovered since and, as of Friday's market close, the S&P 500 is currently down only... 7.8% at a little under 5,668. So we're out of correction territory, and perhaps ready to resume moving higher again.
Or perhaps not.
