Wow, that is unusual Trader Joe.Trader Joe wrote: ↑Fri Jun 14, 2019 5:33 pm2008 was a blip. It was a non-event. I would not have noticed it at all, but CNBC would occasionally be on a television. I was never affected or impacted. No one else I know was affected.SpartanBull wrote: ↑Mon Jan 09, 2017 10:25 pmFull disclosure, I was too young to be invested during the financial crisis. That being said, I'm having trouble understanding how bad it was. I hear about these bear markets (tech bubble, financial crisis, etc). All I see is a sharp decline, and then everything is gained back a couple years later. I could see how frightening drops like this could be if I were close to a retirement age, but being young, why should I care if I go down 50% on paper? I know thats I'm speaking as someone who hasn't taken a walk in someones else shoes who's invested through a crash....but for me the real fear would be the fear of stocks going down for like...decades. What is so scary about a 2 year blip? If you're truly invested long term...it seems like you're just getting cheap prices during accumulation.
Did 2008 really hurt disciplined investors? At all? When I look at it on a long term chart....it just doesnt seem that big of a deal in the scheme of things. Is the real fear that "its different this time" and stocks are a permanently bad investment, and that we've all made a big mistake? I'm really not trying to downplay the fear and anxiety of a brutal bear market, just trying to understand it.
Basically, it was nothing.
At the time, there was NO assurance that there would be any recovery, let alone a quick upward one.