|Day's range||671.06 - 671.06|
The S&P 500 dropped 19% last year, its worst performance since the Great Recession, and the benchmark index is still 18% off its high. Since its inception in 1957, the S&P 500 has generally rebounded in the year following a decline. Past performance is never a guarantee of future returns, but history says the S&P 500 could rebound sharply this year.
Banks are collapsing; stock prices are plunging. As Warren Buffett so astutely noted when he said, "Be fearful when others are greedy, and greedy when others are fearful," stock market drops are terrific buying opportunities. Jake Lerch (Adobe): During periods of market turmoil, outstanding stocks are often available at a discount.
Two stocks I think fit this description are Alphabet (NASDAQ: GOOGL) and MercadoLibre (NASDAQ: MELI). Alphabet is the parent company of Google, YouTube, and the Android operating system. Despite having a broad portfolio of brands, Alphabet's revenue depends on one thing: Advertising.