The Stock Market's Crashing. Should You Worry?

The Street via MSN ^ | April 29, 2022 | Todd Campbell

[ConservativeInPA]

Despite the stock market's recent sell-off, sticking to your investment plan is still the best strategy. There's evidence that the market may bounce soon in what is known as a relief rally.

It's important to remember that even though this year has been tough, the stock market always rebounds eventually. The market has been tough this year.

Really tough.

Year-to-date, the S&P 500 is in correction territory, down over 12%, and the NASDAQ? Forget about it. It's in a bear market, down over 20%. You don't even want to know how much some of last year's high-flyers are down. Let's just say it's a lot.

If your portfolio is a sea of red, your head may be spinning.

It will be Okay.

It may not be tomorrow, next month, or this year, but the stock market is a fantastic wealth generation machine, and over time, the dramatic sell-off we're experiencing will simply be another data point on a chart.

[Presbyterian Reporter]

These are called point and figure charts. It is a good way to see the trend of the market.

In the one I posted the price has to go up or down 10% before it changes direction.

[OrangeHoof]

"If you need the money that badly right now, you shouldn't be in the market in the first place."

It's not money I need right now. It's the money left over from my 401k that is my retirement lifeline. I can't afford to have that lose 80% of i's value so I'll let it sit on the sideline at a certain point and then get back in when it shows a rebound.