Times like these can make or break a person. Times like these are times to introspect and stay humble and true to yourself.
“Today is 18th of June, 2022 and the Nasdaq Composite is down 33% from its peak on the 19th of Nov 2021 and the Fed is still looking for a soft landing. Bitcoin is down from 64Kish in Nov to less than 20K as of this article, a 69% drop from the ATH (All time high). Most of the crypto coins have seen a decline of 85% to 90% while some of the tech stocks which were flying high last year are down by 60%”
State of the Market teaches you every step of the way; those who are humble and learn from it are the eventual winners. I have learnt a lot just in the last 8 months or so and felt it would be good to touch on some of these learnings and use it as the basis for creating the foundation for your and our success in the long run.
No One for sure knows what the future holds:
The above has shown to be so true especially in the last couple of years. Not even in our wildest imagination had most of us thought that something like COVID would hit and take the world by storm.
When COVID hit, the stock market did a V-shaped recovery which gave sense to the fact that sharp turnarounds are possible even in a situation when things look dire. This was driven by QE (quantitative easing) and the policy intervention to support economies by printing money.
While there was free money and low interest ratesmarkets were on a tear despite challenges in the global world and a period of 2 years of literal shutdown of economies and countries.
Disclaimer: All information in the site is provided for informational and educational purposes only. We are not a financial advisor. The information in this article is not intended to imply any recommendation or opinion about a financial product and is not a financial product advice. You should obtain independent advice before making any investment decisions.