Many investors might have forgotten (or, for the younger ones, never knew) how to survive a bear market—after all, there hasn’t been one, by the most common definition, since the last one ended in March 2009. But investors got a reminder about down markets and volatility at the end of 2018. The memory is fresh, even after January’s rally—the best January for stocks in 30 years—which won back some of the declines. The Dow is still 7% below its record high in October, before the slides. Watching their brokerage and 401(k) levels...

Source: Wall Street Journal February 04, 2019 03:11 UTC