There's an old investing joke that goes like this: How do you make a million dollars on Wall Street? Start with two million.

And lately, that's no joke. As of late May, the S&P 500 is down 17% this year, and the tech-heavy NASDAQ is down 27%. One of the worst starts to the year in decades.

But if the way to make money is to buy low and sell high, maybe this is the time to get in. As investing legend Warren Buffet is fond of saying, be fearful when others are greedy, and greedy when others are fearful.

People are scared to death these days, so is it time to start buying? Or should you wait to see if things fall even further?

Let's see if we can figure that out today.

Stacy Johnson and financial journalist Miranda Marquit are joined by producer and novice investor Aaron Freeman.

Why is the market so choppy?

The stock market has been a bit of a mess lately. Down big one day and up the next. However, on the year, the Dow and the S&P 500 are getting close to bear market territory and the Nasdaq has dipped into bear market territory. We take a look at what all this means.

• Check out Stacy's look at how Russia and a market crash can impact your finances.
• Don't forget to listen to a podcast episode from last year on whether we're in a stock market bubble.
• Read Miranda's article from Forbes on what a market correction is, and how to get through one.
• Check out CNBC's article on what makes a bear market.
• Is a recession on the way? Check out our podcast episode diving into what could be next.

What to do during a bear market

Market falling? What do you do next? We take a look at how we're managing our finances during this time as well as some steps you can take to make sure you come out of this with your finances intact.

• We've got the inside scoop on how Warren Buffett survives a bear market.
• With stocks struggling, is now the time to buy? Stacy takes a look at if you should go for it.
• Before you freak out about the stock market, read our take on how to keep calm.
• Check out our article on how to profit from a recession.
• We have a podcast episode on how to get ready for a market crash or recession. Don't be caught unprepared!

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