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The Stock Market Is Set for One of Its Best Quarters in Decades. Time to Prepare for the Worst.
The bigger the drop, the bigger the pop, according to one market maxim. With the stock market rebounding from its first-quarter pandemic plunge with one of its best quarters in decades, that saying seems true.
But, as another adage holds, the easy money has been made (although it sure hasn’t seemed easy). Through Thursday, the S&P 500 index had recovered 38% from its March 23 lows, while the Nasdaq Composite was up 46% and set a record this past week, and the Russell 2000 index of small-cap stocks had jumped 43%