Here's a simple 'fact' as to why we'll retest and break the recent lows...

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Quote from Topsurfi:

Last time it was larger than zero we have to go back to 1974. It definitely was a good time to invest long term.

If I might suggest, those years had relatively high inflation, and it might be useful to look at a constant-dollar version of, say, a Dow chart to see just how long the "long" in "long term" can take.

 

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Quote from Jahajee:

After all, why did the market go down 40%?

Because it has to be down 40% before it can be down 60%?