2022 felt like 2001

 Although the markets started the rebound as expected, they look like the fall of 2001. There is a distinct probability, which is still less than 50%, that after a couple weeks of bounce, US markets may bounce to below the prior peak and can plunge about 50% over the next few years from there. The other markets are not immune. Many think that emerging markets, particularly China, and European markets may provide some safe heaven, they will easily plunge 30-50% too. The drop, if it happens, will likely happen in two stages. The first stage will be the next few months, followed by rallies of different strengths in different markets. Then after another year or more, we may reach the second leg of the drop, which is likely to be below the lowest point for the first leg for most markets. If one has a clear plan for the whole process, one could trade on it. Otherwise it would be better to stay away from the markets for the next couple years. As we reach the end of the second leg of the drop, it will be a great time to invest and have many investments that will give you 10 times or more returns over the few years from then, especially in international markets, and emerging markets and commodities in particular.