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Am I taking crazy pills? The charts I'm looking at are still showing the markets substantially above where they were 5 years ago.
They are, but what's affecting people now is the concern.
Say you've been investing for the past 10 years. You put in 5k a year. 5 years ago you had 33k saved after interest. You kept contributing, and a few weeks ago you would have 105k. With the drops in the mark the last week, you suddenly have 95k. You lost 10 grand, which will take you two years to put back in. Not to mention we're expecting a major drop today, you might lose another 10k in a few days. That is what gets people panicking and selling.
The reality is they haven't lost anything unless they get out of the market. They still have the same number of stocks, and the value of those stocks only really matters when you sell them.
Give it a week.
... sorry, friend, there's just no convenient way to tell you this. Your stupidity, it's terminal.
You’re looking at the wrong time frame. Try looking at the past year or year to date. Both are very bad.
Why would you look back 5 years?
Most people investing for retirement are looking at 30 year+ time frames. It's typical to at least look at a 5 year period because that is the minimum amount of time you should be invested for unless you are a day trader.
The context is not about retirement. This thread is about the recovery from the current downtrend.
Because it takes 0.5 seconds to click a different time scale?
So why did you skip mentioning the other time scales? You only mentioned from one that was contradictory, not the ones that support the topic. I suspect you are commenting in bad faith.
That's just factually incorrect. You should actually go look at it yourself.
Yes there is a gain from 5 years.
Currently we are very near 1 year lows. This is the issue at hand. Not whatever straw man y’all decide to attack next.
Maybe you should go look yourself.