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[onenote]

57. The market is not really down "a lot" over the past year.

The day before Thanksgiving 2021, the Dow closed at 35183. it closed today at 34429. That's a drop of around 2 percent -- hardly a lot.

Moreover, one year ago the Dow was less than 1 percent higher than it is today.

If you look at the market at its highest over the past year -- in January 2022 -- it was 6.4 percent higher than today. A sizable difference by not exactly "crushed".

And don't forget that the market tanked two months ago, when it bottomed out at around 29,200. But since then it has recovered and is 18 percent higher than it was just two months ago (and, as noted less than 1 percent behind where it was a year ago).