This is a historic moment in the stock market.
The S&P 500 closed the March 12 session down -26.7% from the all-time peak reached less than a month ago, on February 19. An unwind of such proportions within a mere 16 business days had only occurred around Black Monday in 1987 and during the early stages of the 1929 Great Depression.
I believe now is also a good time to start jotting down some lessons learned from the coronavirus-fueled correction. While it may be too late for investors to salvage their stock portfolios in the short term, being better prepared for the next time that the markets fall off the bed (whether in five, ten or twenty years) can prevent them from seeing a good chunk of their wealth evaporate once again.
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