| > true but then it always goes back up 100%... So far. It took gold, another popular 'store of value' commodity, several decades to reach its previous peak originally reached in 1980 (blue line): * https://graphics.thomsonreuters.com/11/07/CMD_GLDNFLT0711_VF... There was ~20 years of it not doing much. Then ~10 years post-GFC of it not doing much. A lot of folks are looking at headlines and making long-term conclusions that certain things are inevitable: * https://en.wikipedia.org/wiki/Recency_bias > ...which is why its not gonna plunge anymore. too many people have "seen" the pattern now […] And how many times has the 'stock market plunging pattern' have we seen? Does that prevent people from panicking? As someone who has been in /r/PersonalFinanceCanada for many years now, the panicked posts of March-April 2020 were very real. There is an entire field of study examining how people act badly when it comes to money: * https://en.wikipedia.org/wiki/Behavioral_economics People still think they can pick winning stocks and beat the market consistently over the long-term: * https://en.wikipedia.org/wiki/A_Random_Walk_Down_Wall_Street |
gosh what a clown world, this stuff is so ridiculous.