Gardnr
Recycles dryer sheets
That's a big reason why this one feels so sickening. In the tech wreck of 2000-2002, several equity classes went sharply higher (small caps, REITs, emerging markets, precious metals to name a few). As a result someone who had a diversified AA (and not overweight tech) didn't get slaughtered then because gains in these areas mostly offset losses in large cap U.S. stocks.
Contrast that to now, where nothing that's an equity asset class is avoiding the carnage.
Yeah but just think, they should all go up together too, and won't that be fun!