> As someone who has hung out in Reddit's personal finance areas for many years now, the paniced posts of March 2020 and in 2022 were very real. Those were jus

> As someone who has hung out in Reddit's personal finance areas for many years now, the paniced posts of March 2020 and in 2022 were very real. Those were just minor blips. 2020 was a very short-lived dip of less than 30% and 2022 was a bit more sustained drop of ~35%. The dot.com bust was an actual legit crash, at almost 85% drop. I'd suggest at current valuations we need to be prepared for a crash at least as significant as that.