[bkokoszka]

> Honestly you're better off starting your career at a middle point or low point in the market rather than a high point.

I don't think this is true. There's one study that found that students who graduate into a recession have worse earnings even long after the recession has ended: http://www.nber.org/digest/nov06/w12159.html

Eventually the effect wears off, but there's no evidence of a long-term benefit to graduating into a bad economy.

[tsunamifury]

I'm probably bias since most of my joy has come from recovering from such a low point. There is almost anywhere to go from the bottom -- the top can leave you with long periods missing better days.