[quote=deadzone]Things are deteriorating faster than 2008 crash. This shouldn’t be surprising given the extreme overvalue due to Covid money. That crash started in early 2007 with the subprime lenders going under. It wasn’t for another year or so that broad market started to tank.
This collapse seems more like a hybrid of 2000 and 2007/8 crash. But I fear this will be much worse, at least for equities, since the Fed cannot pivot anytime soon. If they do, it will be clear to the world that they are strictly looking to protect the Wealthy (as if 2009 bailouts this wasn’t obvious to anyone with a brain cell). But this time there would be mass riots I fear as 8% inflation is crushing the lower class.[/quote]
The real question is, did you benefited from the crash (buying PUTs or shorting the stocks)? If you didn’t, did you benefited from the 2008 bounce back? If you didn’t, will you be able to recognize the bottom and take advantage of the next run up?
