> Does this crash feel uniquely frustrating?
We are currently in a correction (at least officially).
Whatever pain folks are feeling right now will feel trivial to what the pain will be like when an actual crash comes.
We are currently in a correction (at least officially).
Whatever pain folks are feeling right now will feel trivial to what the pain will be like when an actual crash comes.
I remember the 2008 crash and it was panic. Banks collapsing, large layoffs, hiring freezes, and a quick downturn.
Hell the pandemic downturn in spring 2020 felt worse than this. Unemployment went way up, banks were pulling back, people were being laid off. That was an artificial crash with a fairly defined end time. A normal crash does not have that.
Whatever this is, not a crash. Or at least yet.
Things could certainly get a lot worse. 2008 was brutal, though.
In 2008, SPX eventually crashed to 700ish - a level it had last seen in 1997. A whole decade of investor wealth was wiped out
Right now, we haven’t even seen the pandemic era wealth wiped out. This is honestly a paper cut compared to a proper 2008-like crash