Part 2/9:
As the conversation began, it was noted that the current market situation is reminiscent of significant downturns in history, including the financial crisis of 2008 and events like Black Monday. The speaker highlighted that quick selloffs often lead to rapid recoveries, with examples such as the market’s recovery following the COVID-19 pandemic, which saw a return to all-time highs after a few months. However, there remains uncertainty about how deeply the markets could plunge and how long it could take to recover.