Honestly, if this is what the bubble bursting looks like, it would have been a hell of a lot worse.
Definitely no reason to put all of our eggs in one basket though - either in terms of what we focus our lives on, or in terms of money.
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I agree with the eggs in one basket. I know allot of whales are buying cars and gold now (or thats what I heard), but I let's see what happens. I think people know that right now there are other things that are better to keep your money invested in for the moment. Till things go back to "normal" , whatever that is.