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I distinctly remember reading on C-D in the past year or so how that particular period and crash (2007 - early 2009) was a "non event," a mere "blip," something hardly remembered in retrospect. And now there's all this angst and focus once again. Maybe it wasn't such a blip afterall. There's a disconnect from what's said and what's actually done. Actions speak louder.
The 2008 recovery was a short v-shaped event . On the other hand adjusted for inflation the 2000 recovery took 13 years to get even. Which recovery will the next downturn be ? I may not be alive 13 years from now.
Like fighting a battle , hind sight is always never a big deal once the fight is over and you know the outcome. While you are in that downturn with no end in sight it can be an awful feeling for even the most seasoned investors.
It just goes with the territory
Last edited by mathjak107; 07-26-2018 at 08:46 AM..
I distinctly remember reading on C-D in the past year or so how that particular period and crash (2007 - early 2009) was a "non event," a mere "blip," something hardly remembered in retrospect.
The market crashed 50%, but now it's up 80% from the level before the crash.
The market crashed 50%, but now it's up 80% from the level before the crash.
So, the event is all relative.
while 2008 ended up being a non event investing wise it was one of the greatest shocks to our financial system and peoples livelihoods that we had possibly since the great depression .
the point being no one really knew when markets were hitting new highs and the bond market smelled trouble that anything of this sort was in the cards .
some say you could have read the headlines and predicted it . bull--- the headlines said the fact a few banks would take a hit was just a speed bump in the bull market .
so the real deal is for those who think they will see some sign prior as to when the bull will end i say good luck with that thinking
Last edited by mathjak107; 07-26-2018 at 09:54 AM..
while 2008 ended up being a non event investing wise it was one of the greatest shocks to our financial system and peoples livelihoods that we had possibly since the great depression.
2008 was definitely a shock to the system, as anyone who was paying attention to the financial markets at the time knows. People who were fully invested lost a lot of money.
But if they simply did nothing and left their money alone, then they came out almost completely unscathed years later. It is that time horizon thing again.
but never forget , 2008 was a quick recovery , 2000 inflation adjusted was one of the longest in history so we can't get complacent in our minds and always think recovery is right around the corner .
it can be pretty agonizing once your fuel tanks are pretty full to have what you had evaporate for a decade or longer .
i used to have decades to recover and not care as well as adding money heavily along the way . i would be lying if i said a long recovery would not be upsetting today with things so different . but markets are needed so it is what it is , we just keep our fingers crossed it won't be an extended downturn when it hits . .
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