Last year, Joe Biden surpassed Donald Trump and Ronald Reagan to become the oldest sitting US president. At 78, Biden touts his advanced years as a selling point, telling Americans that with age has come ‘wisdom and experience’. The White House is not the only office to welcome older occupants.
For patient investors, fortunes have been made over the past year and change. It's not yet clear what that would specifically mean for Plug Power, but any potential tax credits aimed at going green would be good news.
The benchmark S&P 500 (SNPINDEX: ^GSPC) rose by as much as 88% in 13.5 months, while the tech-heavy Nasdaq Composite gained as much as 106%. Although we can never precisely predict when a stock market crash or correction will occur, how steep the decline will be, or how long it'll last, I feel confident in suggesting that one is on the way. For example, each of the previous eight bear markets (not counting the coronavirus crash) saw at least one double-digit percentage pullback in the S&P 500 within three years of hitting its bottom.