Back in February, I wrote Markets in (semi)Panic. At the time, markets were down ~5% on the year and ~10% from their all time highs they had reached just a few weeks before. That post marked the absolute bottom of the (semi)Panic, and it's almost difficult today to remember that people thought things were bad back then. Markets would go on to increase by ~20% from that post through late August, again reaching all time highs, before starting a just absolute epic collapse from late August till today. As I write this, stocks are down ~20% from their all time highs reached in late August and ~10% for the full year.