[danmaz74]

>>This isn’t a normal drawdown. This is a crisis with the leadership of the United States.

>The same thing happened just 4 short years ago when covid hit.

If by "same thing" you mean the market crashing, then yes, it's similar. But the cause of this isn't the "same thing" at all. For the next 4 years, the USA will have a president who wants to annex Greenland and Canada, who hates most (all?) US traditional allies and trading partners, who doesn't believe in free trade. The effects on the world economy are going to be slower to take effect compared to COVID, but they're going to be much deeper and long lasting.

[kortilla]

The effects of covid were literally being talked about as the entire world economy grinding to a halt overnight. It was mass panic beyond high tariffs for a foreseeable future.

The market was in straight free-fall until all of the major govts stepped in to print trillions. It was like a light switch made the “end of capitalism” disappear in a day.

[kortilla]

The rally back today on just a pause illustrates my point. No permanent fixes at all, just a pause and the market went up 10% in a day.