General Discussion

We have to determine what "a lot" is, and whether it's enough to have caused what we saw.
I'm dubious about it, but I can't say no.
The vast majority of shareholders are likely riding it out and taking paper losses for the short term.
As an example, if someone bought into an index fund 4 years ago, and they made 50%, then lost 5% of that, they still made 42.5% in 4 years. That's still 9.26% per year. Nothing to panic about.
Wait 5 more years, get the same 10.67% plus recovery of half the short term losses and they make 10% per year for 10 years.
Yes, there are gains that will never be realized, but 10% for 10 years is still a sound investment.
I think it far more likely that the preponderance is that scenario. People who bailed completely perhaps lost some potential gains, but they still had whatever gains already accumulated.
I'm not saying taking a 5% hit to a 401k isn't cause for but, it's not Black Friday either.concern