Let the good times roll, Let the good times roll, let ‘em roll!!
Ps how fucked up was 2008? Almost killed me but instead it made me stronger. Cause I’m a Trojan.
The SP500 since 2008
🔴2008: -38.49%
🟢2009: 23.45%
🟢2010: 12.78%
🟢2011: 0.08%
🟢2012: 13.41%
🟢2013: 26.90%
🟢2014: 11.39%
🟢2015: 0.73%
🟢2016: 9.54%
🟢2017: 19.42%
🔴2018: -6.24%
🟢2019: 28.88%
🟢2020: 16.26%
🟢2021: 26.89%
🔴2022: -19.95%
🟢2023: 24.23%
🟢2024: 20.57% (YTD)
But can't really write this story without mentioning the decade plus long period of super low interest rates - commonly know as ZIRP (zero interest rate phenomenon). Market was definitely juiced by this. Big part of the 2022 negative performance was the 11 raises.
NVIDIA since 2008
Up 25,000%.
Now do inflation.
It’s one thing that stock prices have gone up. It’s something else that they’ve tracked inflation during the last two years.
Yea, as devastating as 08 was at the time it now looks like a blip on the radar screen.