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As Dow wipes out over 3 years of stock-market gains, here’s a warning about calling the bottom
How much worse can it get? That’s a question many investors are undoubtedly asking themselves after a week of historic volatility that saw stocks suffer another pummeling and drove the Dow Jones Industrial Average to its lowest close since December 2016 as the global COVID-19 pandemic promises to push the world into recession. After all that, some investors might feel a strong temptation once the market finally shows some stability to declare that the lows are in. But some Wall Street veterans have a word of advice: Don’t!