Basically everytime a recession happens there's a big flash crash and stocks are super cheap for a week or two, everyone shits their pants, sells and then stocks go up to the same levels in like a month or two.
Basically it was a good time to invest, you pretty much doubled everything (if not x50 for tech) if you bought sometime in march (just so long as it wasn't oil/airlines/cruise ships lmao). Saw a guy on r/wsb go from 25k to 1 mil on options, econ major. But don't worry about FOMO, they'll be like another 15 recessions in your lifetime. Market is apparently worth more than before the pandemic (when it was already the most overvalued it's been in decades).
Basically everytime a recession happens there's a big flash crash and stocks are super cheap for a week or two, everyone shits their pants, sells and then stocks go up to the same levels in like a month or two.
Basically it was a good time to invest, you pretty much doubled everything (if not x50 for tech) if you bought sometime in march (just so long as it wasn't oil/airlines/cruise ships lmao). Saw a guy on r/wsb go from 25k to 1 mil on options, econ major. But don't worry about FOMO, they'll be like another 15 recessions in your lifetime. Market is apparently worth more than before the pandemic (when it was already the most overvalued it's been in decades).