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I get your point that everything always goes up eventually, but there will be unpredictable events that reshape the market like COVID, war, 9/11, hurricanes, an
by smaryjerry 4y ago
I get your point that everything always goes up eventually, but there will be unpredictable events that reshape the market like COVID, war, 9/11, hurricanes, and many other “one-time” events that we can’t even predict right now. Just because these things kind of happened at different times doesn’t mean 10 of these things won’t happen all at the exact same time or back to back for many years. Imagine having a COVID lockdown, on top of a fuel shortage, and a food shortage, on top of a war, on top of countries defaulting on debt. If even any two of those happened in lockstep it would spell disaster for many company’s as we know. We got lucky there wasn’t another major crisis during COVID lockdowns although to this day we are dealing with the supply chain issues created with strict lockdowns and China is still or really just starting now to lock down in a major way, so now the supply chain issues we had aren’t just on our side of the ocean but theirs as well. It’s a miracle it didn’t happen on both sides at the same time.