Surviving the Stock Market Crash: Strategies for Protecting Your Investments
A stock market crash is a rapid and severe drop in stock prices across a significant cross-section of a stock market, resulting in a significant loss of paper wealth.
Crashes are driven by panic as much as by underlying economic factors. They often follow speculative stock market bubbles.
There have been several famous stock market crashes throughout history, such as the Wall Street Crash of 1929, also known as the Great Crash, which marked the beginning of the Great Depression, and the Black Monday crash of 1987.
More recently, there was a significant drop in stock prices in the late 2000s during the global financial crisis.
It's important to note that while a stock market crash can be a scary and stressful event, it is also an opportunity for long-term investors to buy stocks at discounted prices. It's important to stay informed about the market and to consult with a financial advisor or professional before making any investment decisions.
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Stock Market