Fears that the coronavirus could dampen economic growth in the U.S. and around the globe have sent the market on a fairly sharp decline in recent weeks. Still, the market's decline could be much worse. Recall that when the dot.com bubble burst, the Nasdaq lost more than a third of its total market capitalization within a month.
On any given day, the stock market reflects the tension between investors' desires and expectations for the future and their fears that the future won't be as rosy as they hope. As long as that remains reality, crashes will be a part of investing. You can't eliminate them, and you can't really avoid them without also missing out on the market's upside in good times. What you can do is prepare for them so that you can ride them out. With that in mind, here are 10 things you can do to prepare for a market crash.
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