The loose definition of a bear market is a 20 percent move to the downside.
A correction is typically considered a 10 percent pullback in the price of the asset or index.
The S&P 500 has not come close to either situation recently and has not had a 10 percent pullback in over two years.
The same cannot be said for a handful of ETFs that have been hurt by the selling of the high-flying technology and momentum stocks.
Two ETFs in particular are in niche sectors that could be considered cutting edge as they deal with technologies that are still emerging. After big pullbacks it may be time to start considering buying into the ETFs below as long-term investments.
The Global X Social Media ETF (NYSE: SOCL) is a basket of 27 stocks that are in some way tied to the social ...More...