Boiler Room: The Official Stock Market Discussion
My guess is that he is referring to the fact that in 2020, the markets recovered from their lows within 5 months. Thanks to recency bias, everyone has been buying dips with the expectation that the pullback will happen any moment now.
No one knows how long it will take to recover its losses, but the Feds can put their foot on the scales to nudge the markets in a preferred direction. What they've been saying through their actions is that they will be OK sacrificing a portion of historically great unemployment #s if it means that inflation will dip. They are making it more costly to borrow money, which leads to people spending less, and some jobs doing cuts or slowing down hiring as a result. This will slow down the rate of inflation but also the economy.
It's a balancing act because if they overdo it, then it could leading to a downturn that continues even after inflation subsides. Also, it's a catch-22 as black people, because inflation tends to hurt the financially insecure the hardest (read: disproportionately African-American) but at the same time, when jobs cool off on hiring and/or make job cuts, usually the first to go are low-skilled workers (read: disproportionately African-American). Whatever the Feds do will have a negative impact to one degree or another and so they have to try and pick the lesser of two evils.
As an example, the Feds were criticized for their actions (or lack thereof) during The Great Recession. In that instance, if you invested $100 in the S&P 500 in late 2007, it would've take 7.5 years for you to get out at breakeven (before accounting for inflation). That is why some people are saying don't be so quick to buy the dip and others are saying that as long as you keep DCAing and have a few decades before you are set to retire, you will do just fine in the long run.
I recommend this podcast as a daily snapshot of the economy as a whole as well as random local businesses. I've been interested in finance for +10 years but only truly wrapped my head around some of the more ideas thanks to this podcast:
www.marketplace.org
Marketplace
Hosted by Kai Ryssdal, our flagship program is all about providing context on the economic news of the day.
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Domingo Halliburton
Handmade in USA
Wait you guys are long this market?
I trimmed a lot of positions. Only have a couple longs.
Charts are bearish.
And I’m pretty sure we’re not going back to 469 on spy in a couple months.
The whole point is that the fed is trying slow shyt down.
dora_da_destroyer
Master Baker
So I’m not getting that 200k back anytime soon 
WTFisWallace?
All Star
52 week low on spy. Repent 
JetFueledThoughts
Superstar
Put your helmets on we’re heading to the 350s 
Slim
Superstar
Damn. Any little bounce and people are selling...That AM rally today is gone.
BlaxOps
Pro
Nice dips today. I felt like going aggressive, but didn't. No regrets (At least thats what Im saying out loud).