Firstly the market was heavily inflated by hyped shit in the last year so past performance was bad but the numbers went up. Then there’s the currency situation

Firstly the market was heavily inflated by hyped shit in the last year so past performance was bad but the numbers went up. Then there’s the currency situation which masks a lot of the decline. There’s a bunch of locked in shares and some of the high holding investment companies don’t give a crap as long as their AUM rank stays the same. They make money on fees still. On top of that to sell you need buyers. That is not a problem for low volume traders but big holders won’t be able to shift lots. So the big ETFs, while the market position would be better to sell now, they can’t. Gold isn’t a good bet either. What’s the betting when people ask for it, the answer is no. There is no upside, just a slow deflation which isn’t as bad as some sensationalists expect. That isn’t a reason to crow about the current state. It’s like saying you’re cured because the first round of chemo was successful.