Strongly disagree, the markets got absolutely torched in March 2020. Also, Bitcoin/CrYpTo an 'alternative asset class' the recent 'investors' are familiar with and alt coins and shitcoins have had huge volatility/losses.
I think it's a sloppy assertion to suggest the new generation of market participants haven't experienced volatility like the GFC (2008/09) and the Dotcom bust.
All these recent market participants know is wild price volatility and huge gains/losses. I don't think they even understand 'value' and they are swinging for the fences and are buoyed by market distortions like unconventional QE. +40% gains are normalised which IMO is crazy.
Last edited by 600mL:
Edit: Added the word 'don't' in final paragraph.05/07/24
