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That depth of that March 2020 covid crash. Quick 30% drop in the S&P was a surprise to many. But then the FED came in with Trillions guaranteeing all bad bonds with Taxpayers money and that was the start of Wall Street Bliss.
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So what about 2022? Let's see where we are at. How did the market get here? Well it started with the Covid Crash then the Covid Bubble. Before that we had a more normal market with normal gains every year since 2009.