...how far we have gone above the Covid lows, that could we even contemplate returning back to that level?
...I think no one could.
...but if we have another systemic event, it is entirely plausible.
...you can never discount another (systemic event) lurking around the corner.
...because this is the times we live in. "Prosperity" in Uncertainty. We have grown to live in a period accustomed to accept and embrace uncertainty as a given. That has made markets more resilient than before. But it also means that we are now way more complacent than at any point before in market history.
...this is not the time to take on more risks. It is time to assess one's risk exposure and challenge one's own assumptions and personal circumstances.
