, Columnist
No, Stocks Are Not a Bargain Yet
Despite the plunge, the market might have plenty of room to fall further.
Not so fast.
Photographer: Johannes Eisele/AFP/Getty Images
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When it comes to the U.S. stock market, this is not yet the historic buying opportunity some investors have been waiting for.
Contrary to their reputation for weak stomachs, ordinary investors appear to be hanging on to their stocks, judging by the chatter online and continuing net positive flows to exchange-traded funds favored by long-term stock investors. But after a brutal sell-off that has carved 30% off the S&P 500 Index since its record high on Feb. 19 through Monday, many investors are no doubt wondering whether U.S. equities are a bargain now.