Trump Tariff Crash: 3 Magnificent Stocks to Buy at a Discount Right Now
Short-term tariff uncertainty paves the way for opportunistic long-term investors to go shopping.
One of Wall Street's oldest clichés is that stocks take the stairs or escalator up and the elevator down. This has certainly held true in recent weeks.
Following a more than two-year bull market, which saw the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) rocket to numerous record-closing highs, all three indexes have been clobbered since the midpoint of February.
Between Feb. 19 and April 4, the Dow Jones, S&P 500, and Nasdaq Composite have shed 14.2%, 17.4%, and 22.3% of their respective value. This places all three indexes firmly in correction territory, with the Nasdaq Composite also moving beyond the traditional line-in-the-sand 20% decline that defines a bear market.