00:00It all sounds bad.
00:01Tech companies have started laying people off,
00:03which you could argue foreshadows what's about to come in the rest of the economy,
00:07and all these CEOs that are preparing for a recession,
00:10and consumer confidence reaching an all-time low.
00:13All of these sound like a really good reason to sell.
00:15But that's when you should remember this chart,
00:18which I like to reference a lot these days.
00:20It shows all the times in history that have arguably been great reasons to sell and wait,
00:24but in the long term, the market recovered and it didn't make a difference.
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