The S&P 500 plunged another 4.1% today, wiping out gains for the year as investor anxiety grew in the wake of last week’s losses. As of this evening, it appears U.S. stocks will open lower when cash trading resumes at 9:30 a.m. ET on Wednesday. It appears, but is by no means certain, that things may get worse before they get better.
Such market moves are nerve-wracking for sure, but I still believe that this is not the beginning of a bear market in the U.S. A significant pullback actually may prove quite therapeutic since investors had arguably become too complacent in recent years.
I thought it might be helpful to provide advisers answers to what are likely some commonly asked questions.
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