"The saying that stocks take the stairs up, and the elevator down, is definitely true. There were so many near-term downturns (which now look like extremely minor blips on the radar) which must have been downright frightening at the time. But over the long-term, even the most protracted declines didn't turn out to be much more than near-term volatility, with the stock market taking the stairs higher eventually and making a new all-time high."
"The cannabis sector is one that has had the cream kicked out of it over the course of the past five years or so. Following a number of surges tied to Canadian legalization of cannabis in late-2018 and the pandemic, with investors looking for anything that could have parabolic upside, companies like Curaleaf (OTCMKTS:CURLF) has absolutely crashed. Down more than 66% all-time, this is a stock with a chart that most investors want to look away from, particularly when zooming out."
Long-term market charts reveal many short-term downturns that appeared frightening but ultimately behaved as temporary volatility. Over extended periods, the market repeatedly climbed higher, producing new all-time highs after declines. Short-term dips historically presented buying opportunities for investors willing to hold through rough periods. Sustained patience and mental fortitude enable investors to ride long-term earnings growth to recoveries. The cannabis sector exemplifies prolonged weakness, with Curaleaf notably crashing after pandemic-era surges and speculative flows. Curaleaf is down more than 66% all-time, and recent regulatory shifts signal potential changes in industry dynamics.
Read at 24/7 Wall St.
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