2 Crash-Resistant Stocks Worth Buying and Holding No Matter What the Market Does
GE Vernova and Quanta Services will easily weather the next market downturn.
Overview
The current bull market, which started on Oct. 12, 2022, is nearly four years old. The S&P 500 (SNPINDEX: ^GSPC) has generated a total return of 128% with reinvested dividends during that period, but it's starting to look expensive at 30 times its trailing 12-month earnings.
Since the end of World War II, the average bull market has lasted for five and a half years. Therefore, it's only a matter of time before the next market crash drives stocks into a bear market. It might be tempting to liquidate your stocks before that happens, but it's smarter to simply park your cash in a few crash-resistant stocks and ride out the volatility.
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Originally published at www.fool.com.