Re:Wall St Tumbles over 2%
by dragontamer on Monday September 20, 2021 @05:45PM
(#28599415)
2020 may be an outlier, but it means that we're not really concerned about "small" 2% losses right now.
The big dip from last year came and went. These 2% movements don't even hold a candle to what happened last year.
Maybe if you're a new investor who started investing this year, it'd be scary. But frankly, the stock market has been incredibly scary for 5 years now, at least. Flash crashes, COVID19, VIX going crazy, weird hedge funds disappearing overnight (Archegos Capital), etc. etc.
At no time was the story the "stock market". The story was Archegos capital, or COVID19 spreading around the world, or... whatever.
The big dip from last year came and went. These 2% movements don't even hold a candle to what happened last year.
Maybe if you're a new investor who started investing this year, it'd be scary. But frankly, the stock market has been incredibly scary for 5 years now, at least. Flash crashes, COVID19, VIX going crazy, weird hedge funds disappearing overnight (Archegos Capital), etc. etc.
At no time was the story the "stock market". The story was Archegos capital, or COVID19 spreading around the world, or... whatever.