00:00The stock market was down about 20% from its peak. And in terms of what's most likely going
00:05to happen next, you're 100% going to want to hear this. We can look back in the past to see exactly
00:10what's happened during previous market crashes. Take a look at the year 1907. This is a time when
00:16the stock market crashed 50%, but shortly after that 50% sell-off, the stock market wound up
00:21surging 193%, and that continued until the Great Depression of 1929. This led to the stock market
00:29dropping 83%, and the market didn't recover for almost 20 years when World War II offered
00:34enough work for the 17 million Americans who were unemployed, at which point the stock market
00:38started going up another 14 years with a gain of 815%. For the last 120 years in the stock
00:45market, the only consistent strategy that has always worked is to buy and hold on a regular
00:50basis with a time frame of 20 to 30 years. That's it.
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