The Gold market did 100% overshoot in 1980. The Gold market did 70% overshoot in 2011. The stock market did 100% undershoot in 2003. MSFT took until 2016 to recover from the 2000 dotcom bubble burst.
Looking at these curves, i can imagine the stock market is within 20% of the bottom, and will take years to recover.
It looks bad if you are old and selling stocks to live on. It looks ok if you are young and buying stocks.
Well said.
My Fidelity person is telling me there’s some major foreign money out there looking to get into the US markets and hoping that a bottom is developing. Right now much of that money is in our Bond markets.
