This Is the No. 1 Move Investors Should Make Before Buying Stocks Right Now.
Key PointsBear markets are normal events on Wall Street, even though they feel terrible when they occur.
Bank of America has issued a warning about the potential for a market correction, citing concerns over elevated valuations, geopolitical conflict, inflation, and high debt levels. JPMorgan Chase CEO Jamie Dimon has compared the risks to a "tectonic plate" collision that could cause a market earthquake. These warnings should not deter investors from buying stocks, but rather encourage them to carefully consider the level of risk they are taking on.
The author, who experienced the dot-com crash and the Great Recession's bear market, emphasizes the brutal nature of such periods, with stocks plummeting day after day and steadily eroding savings. To truly grasp the unsettling impact of a deep bear market, one must have lived through one. While Jamie Dimon's metaphorical "tectonic plates" analogy may be poetic, it fails to convey the stark reality: investors today face significant material risk that could severely damage their portfolios.
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