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> Does this crash feel uniquely frustrating? We are currently in a correction (at least officially). Whatever pain folks are feeling right now will feel trivi

• xivzgrev 4y ago
  This. I remember the 2008 crash and it was panic. Banks collapsing, large layoffs, hiring freezes, and a quick downturn. Hell the pandemic downturn in spring 2020 felt worse than this. Unemployment went way up, banks were pulling back, people were being laid off. That was an artificial crash with a fairly defined end time. A normal crash does not have that. Whatever this is, not a crash. Or at least yet.
  • BryanBeshore 4y ago
    Tech has crashed, and is very much in a recession, while the rest of the economy has been operating (decently) smoothly. This said, other parts of the economy are starting to feel knock-on effects of inflation, higher rates, and supply issues. Things could certainly get a lot worse. 2008 was brutal, though.
• puranjay 4y ago
  Yeah this is not even remotely a crash. Even laggards who bought anything in late 2020 are still in profit. Anyone who bought anything pre 2020 is wildly in profit. In 2008, SPX eventually crashed to 700ish - a level it had last seen in 1997. A whole decade of investor wealth was wiped out Right now, we haven’t even seen the pandemic era wealth wiped out. This is honestly a paper cut compared to a proper 2008-like crash