Many people on this page were not trading in 2008.
I can let you know what transpired.
The market softened late 2007 into the summer of 2008. gas prices soared that summer to $4.85 a Gallon.
It came to a climax in Oct 2008.
Next 6 months were horrific. 50% drop from s&p highs
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Then the people that commuted from bedroom communities couldn’t afford the gas anymore, so left their homes to foreclose and sought housing closer to work.
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