Just last week, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite had undergone a peak-to-valley pullback of 30% since mid-February. That’s nearly a third off the highs from only 30 trading days ago.
And it’s a fast drop that’s affecting just about everyone’s bank account.
Sure, stocks have risen since then. But we could still go down from here… even further than we already have.
Friends of mine are starting to call their 401(k)s 201(k)s – and they’re all asking me the same thing:
What will I do now?
My go-to answer here would be to trade. And I’ve recorded all of my most potentially lucrative trading income secrets for you in my America’s #1 Pattern Trader Cash Course. Learn how to claim access for just $1 right here.
But most people can’t trade their 401(k)s, depending on who they’re administered by.
So the next step would be to call your financial advisor – and ask them these three questions…
The Dow is on track for its best week since 1938 – but that doesn’t mean it’s all blue skies ahead.
Last week’s unemployment claims, released Thursday morning, soared to an unprecedented number of 3.3 million – the highest in history. Second place isn’t even close, with the previous high sitting at just 695,000 in 1982.
Never in my lifetime could I have imagined an event like this. With businesses across the country shutting down, the economy is in danger of plunging into a full-blown recession – and there seems to be nothing we can do to stop it.
The word “recession” is scary. But it’s not the end of the world… not even close.
In fact, you could come out of it even stronger than you were before.
Here’s how you can make a short-term profit on the market’s fall – and a long-term profit on its eventual recovery…