Anonymous wrote:I feel like society has fundamentally changed and our "historical" algorithms no longer apply. The entire world is far richer today than it was in the past (even counting for inflation) and every single person (including teens) has extremely easy access to invest in stocks immediately. no more calling your broker to buy such and such. Additionally, the amount of people who now realize that investing, even small amounts can make a big difference. I don't know we will ever see a massive crash again because as soon as there is a DIP money comes flooding in from all directions because people don't want to lose out on the bounce.

FOMO about best days. Yep.

There was not a financial crisis on a macro level in 2008/2009 really.

I say that as some individuals it was horrible as lost homes, got margined called out of stocks, lost a ton in stock market, had bonds default, companies went out of business.

But on a macro level people bought homes, bonds, stocks, companies all at bargain prices.

When Citigroup hit an all time low of 97 cents a share at absolute worse part of financial crisis the people who hit the sell button well someone on other side hit buy button. Same as when home sold at foreclosure auction someone on other side bought it.

On a macros basis no one lost a house in the financial crisis. They all still exist trouble is it has a new owner. Same for stocks.