Traders, investors, savers, and everyday Joes are going to remember these days for many years to come.
The S&P 500 closed down 7.62% at 909, a level first reached in July, 1997.
After seven straight days of significant losses, panic has set in, and it is safe to say that there are buys out there. Strong consumer staples blue chips with histories of dividend growth will outperform the market through the recession. Think PG and JNJ. They’re maintaining their strength through these tough times, and they will likely retain it through the times to come.