3 Stocks to Buy and Hold Even if the Stock Market Falls 10% in October
If October gets rocky, these three consumer stocks sell the kind of stuff people keep buying no matter what the market is doing.
Overview
Before we get worried about recessions or market crashes, let's put a 10% drop in context. Going back to 1980, the S&P 500 has fallen 10% or more in roughly half of all calendar years, and a correction of that size has historically shown up about once every 12 to 18 months.
What makes a 10% decline packed into a single month unusual isn't the size of the drop, it's the speed: that kind of compressed move tends to show up during sudden shocks rather than the slower grind most corrections take. Even so, it's happened before, and the market has recovered every time.
Details
My goal here isn't to predict whether October brings one. It's to point to three consumer businesses whose underlying demand doesn't particularly care what the stock market does that month.
Source
Originally published at www.fool.com.