Updated: Aug 31
Yet another volatile day on the Wall Street. DJIA gave up its gains, S&P500 barely closed in the green and Nasdaq composite held on to some of its gain to close in green. Oil prices plummeted today and there were also supposed to be the "monthly options Friday" action so some volatile movement was expected. We are barely a week into the bear market so I don't see any reason to get excited yet. I think that on an average, bear markets last for approximately less than a year. It is not clear yet whether current bear market will close below or above that average. So, let's continue our journey into picking stocks for the long-term.