The Federal Reserve fired the big bazooka Sunday, taking the most dramatic step since the 2008 financial crisis.
Many investors are looking at the drop in the stock market Monday and saying the Fed’s actions haven’t helped.
The reality is quite different. Without the Fed’s move, the stock market would be faring worse.
Here are the questions I am being asked by investors: “How low can the stock market go?” “Which stocks and ETFs should be bought, and at which levels should they be bought?”
Let’s explore these with the help of a chart.
Chart
Please click here for an annotated chart of the Dow Jones Industrial Average ETF DIA, which tracks the Dow DJIA.