If you hold the stock market, you will grow with America, says Jack Bogle

Here is the link.

50% loss, a lot of people act on emotions.

Act on emotions and move out the stock market. Emotion will defeat you totally.

Long term correction with GDP, stock market is 95%, the annual correlation is 20%. You make good long term bet, short bet is not way to go.

Liquid crisis -> ...

Market structure -> liquid

Volatility strike ...

10 years after crisis