Livin, agree with you but it’s the elephant in the room that very, very few want to talk about.

Leverage makes it MUCH worse, DE-leveraging is potentially a disaster because of the exponential effect. Selling leads to more selling. Margin calls force selling. This doesn’t happen on the way up.

I’m not against the stock market, I’m against the lack of understanding by most people that it’s not a one way street and there are ALWAYS ways to hedge and cover some/most of the downside risk.