The stock market can crash hard but I still get my dividend income. I'm holding my AT&T shares for the rest of my life. This stuff is from today's Wall Street Journal.

U.S. stocks careened lower Monday, pushing major indexes closer to bear-market territory as a price war for oil and coronavirus fallout frightened investors.

The selling was heavy across markets and geographies, with investors seeking shelter in government bonds and sending Treasury yields to new lows. U.S. stocks fell hard enough after the open to trigger a 15-minute trading halt.

Recently, the Dow sank 2,030 points, or 7.9%, to 23837. The S&P 500 fell 7.5% to 2750. And the Nasdaq Composite slid 6.7% to 7998.

All 11 sectors in the S&P 500 were down, led by energy, which slid 19%. Financials were down 11%, and materials were down 9.2%.

When the circuit breaker hit, the Dow and Nasdaq were down 19% from record highs set earlier this year and the S&P had fallen 18% from its high, leaving them on the brink of bear-market territory. A drop of 20% from the highs would halt a bull-market run that began after the financial crisis—stocks bottomed out 11 years ago to the day, on March 9, 2009.