Many stock markets are only marginally off record highs and yet there’s already a growing chorus of calls for a larger correction or crash. Comparisons to 2008, 1999, 1987 and 1929 are all the rage. The Internet can be partially blamed for this “noise” as financial bloggers revert to sensationalism to get attention amid the cacophony of market commentary. But it also speaks to the enduring psychological damage to investors from the 2008 financial crisis. Fears that every correction will result in a crash remain front of mind.
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