Reply to 2001, 2008, or 2022

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]01 wasn’t bad at all, unless you were all tech invested and/or worked in tech.

08 was terrible, unemployment and investments, we were close to a total financial collapse due to the housing bubble and leverage

22 ?? What is collapsing? Stocks are down 10%, this is just regular market moves, happens every few years. Where is the meltdown coming from. No collapse in housing, may decline a bit due to mortgage rates but there is no foreclosure crisis based on better lending standards. Company profits look solid. Maybe there is some mystery bubble in finance but nobody can predict that one.[/quote]

Nasdaq is down 20% from its peak last year.  That is actually quite a bit.[/quote]

It's not.  Normal stuff.[/quote]

Down 20% in 3 months is not normal.  It shows that the market was (and still is) very inflated.  Big banks are warning of a recession, not that it’s a big surprise.[/quote]

That is utter noise. We are up 300% since 2016. There is no way we are dropping anywhere near that; Nasdeq companies are taking over the world [/quote]

DP- Nasdaq on track for it's worse month since October 2008. Take that as you will.[/quote]
The worst month since the longest bull market ever started... again, nothing burger.[/quote]

I have no idea how low the market will go, but I do know that the things that concern the market -- rising interest rates, Fed liquidating its balance sheet, supply chain problems (due to China covid shutdowns as well as Russia/Ukraine), are just getting started.  Oil prices aren't higher than they are because the market is pricing in a demand drop.  The market has been borrowing from the future, and now it's time to pay the piper.

Has the market priced in all these things properly?  Maybe. Maybe not. Every expert I know thinks we're not anywhere near the bottom. [/quote]

I am a so called expert and have no clue. No one does. Your friends that are experts don't know either. We are just paid to provide our thoughts. I can go on CNBC and say we are nowhere near the bottom or we are at the bottom. Half the people would believe, half would think I am crazy. Hold on, keep investing and it will pass. Remember COVID? Remember 2008? Remember 2001? Look where your portfolio is now.[/quote]

Terrible analogy. Because now we have record inflation and a tightening fed raising rates and primed to destroy cash. The era of easy money and historic bull run after 2008 is over.[/quote]

Will people stop it.  We do not have record inflation.  Did you not live through the 70s and early 80s?  My grandparents had all of there money in the bank.  They took 200k to 500k with passbook savings accounts.  All will be fine.[/quote]

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