As anyone who remembers 2008 can attest, recessions are nasty. The S&P declined 37.2% in 2008, and didn’t return to its previous levels for five years. Those kinds of losses can be devastating, and they take a long time to make back.
As anyone who remembers 2008 can attest, recessions are nasty. The S&P declined 37.2% in 2008, and didn’t return to its previous levels for five years. Those kinds of losses can be devastating, and they take a long time to make back.