FYI: We recorded an episode of Animal Spirits called The Bear Market on December 21, 2018 (it aired on December 26). The first 10 minutes or so of the podcast provides a look back into the psychology in the midst of a decent-sized downturn in the stock market.1
We talked about the damage that was inflicted up to that point along with how improbable it felt to even think about new all-time highs in stocks from those levels:
Regards,
Ted
https://awealthofcommonsense.com/2019/04/things-that-were-said-during-the-bear-market/