Source: AZ Quotes
Short answer: YES!
Long answer: Refer to everything we are writing below ????
Fears surrounding COVID-19 and oil war between Russia and Saudi Arabia rocked the stock market this week.
Major indexes around the world have fallen by 20% or more.
The S&P500 peaked at 3,393.52 on 23rd Feb 2020.
However, it ended this week at 2,711.02, down 20.1%, with the lowest point at 2,492.37 (13th Mar 2020), a 26.5% drop from its peak.
Source: Yahoo Finance
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The mantra of the stock market: Buy Low, Sell High
Fear is high now, with everyone worrying about how will the global economy fare under the impact of COVID-19.
Many of my friends whom I know have saved up money to invest when the market drops are now not investing in the market simply because they fear that the market will go lower.
That is a fair point.
But...