Why is it so bad that the stock market is back down to where it was a few months ago?

Question

Obviously if it keeps going down, that’s bad. But it looks like it’s at a support level and still much, much higher than it was 5 years ago. (Using SP500 as a proxy for the market at large)

In: Economics

Answer 1

If you bought in 5 years ago – you don’t care much. It’s a correction.

If you bought in near the peak, you’ve just lost a bunch of money