Wealthion · Wednesday, August 5, 2026
A speaker cited historical market events, such as the 1980 stagflation and the period after the 2008 financial crisis, to illustrate how unexpected downturns can occur despite seemingly supportive factors. They recalled being bullish in 2011 with mentors, only to experience a prolonged bear market.
“But you could have said that in 1980 too. I mean, the stagflation of the 70s, that was epic at the time.”
“Um, and, and frankly, in 2011, after the GFC, the government said done all kinds of then unprecedented off the charts crazy things and my mentors, the people with more experience than me in this business at the time, all of us were, you know, bullish and I drank that Kool-Aid. None of us thought we were going into a four or five year bear market.”