[RunKC]

Now is the time to buy folks. FAANG or S&P 500 index funds or just add on. Lot of stocks on sale right now

Friendly reminder from a reddit post:

Remembering stock market crash of 2022

It’s easy to forget how short the market’s memory is.

Still remember the last few months of 2022. The S&P 500 was down nearly 25%, the Nasdaq had crashed over 35%, and inflation was out of control. The Fed was hiking rates aggressively, and it felt like a deep recession was inevitable.

Goldman Sachs or JP Morgan (don't remember which) predicted the S&P 500 would go all the way to 3,000. Michael Burry suggested an even bigger collapse taking S&P500 back to 1800. Most investors were convinced this was just the beginning of more pain. Even then people talked about stagflation and going into the lost decade.

Meta, in particular, was the poster child of despair. Down 75%, from $380 to $88. People genuinely thought it would never recover. The ad market was dying. Reels weren’t making money. Zuckerberg was "burning billions" on the metaverse. Investors wanted him to shut it all down.

It wasn’t just Meta. Amazon reported its first unprofitable year after a long time. Google’s ad revenue shrank. Microsoft’s growth slowed. Tesla was down to $113 at its lowest. Institutions were slashing price targets left and right. Investors were selling at the lows, convinced things would only get worse.

And then... the market did what it always does. Slowly, things started improving. Companies adapted. Earnings stabilized. The panic faded. By mid-2023, inflation was cooling. The Fed hinted at pausing rate hikes.

Meta posted a solid earnings report. Then came $40 billion in stock buybacks. The stock doubled. Then doubled again. Amazon recovered. Nvidia went on a historic run. The Nasdaq had its best year in two decades in 2023. By early 2024, Meta, Nvidia, and Microsoft were hitting all-time highs to reach even higher by end of 2024. Two years of record gains.

When markets are crashing, it feels like they’ll never go up again. When they’re at all-time highs, it feels like they’ll never go down. Neither is true.

So investors, it's going to be fine. Just be calm and hold tight. And if you can, keep buying.