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> The current bull run, as far as I can tell seems to have two legs. I feel like that’s just what the market has been like since 2020
by dartos 2y ago
> The current bull run, as far as I can tell seems to have two legs.
I feel like that’s just what the market has been like since 2020
- throw0101d 2y ago> I feel like that’s just what the market has been like since 2020 The S&P 500 peaked at 5400 in December 2021 and dropped to 3800 in September 2022, and went mostly sideways to 4300 until October 2023, after which is has mostly gone up: * https://en.wikipedia.org/wiki/2022_stock_market_decline https://en.wikipedia.org/wiki/2022_stock_market_decline * https://www.macrotrends.net/2324/sp-500-historical-chart-data https://www.macrotrends.net/2324/sp-500-historical-chart-dat... People seem to (a) forgotten that it happened: * https://en.wikipedia.org/wiki/Recency_bias https://en.wikipedia.org/wiki/Recency_bias and (b) forgotten that it was not a forgone conclusion that there'd be a recovery/growth: * https://www.forbes.com/sites/investor/2010/12/17/the-lost-decade-was-a-golden-age-if-you-rebalanced/ https://www.forbes.com/sites/investor/2010/12/17/the-lost-de...
- dartos 2y agoI remember the market stalled in price movements, but the attitude always seemed to be bullish beyond all reason. Never noticed that attitude before 2020