During the period 2008-2010, when the U.S. stock market went through a severe downturn, many people lost their jobs and/or their home values. The "Great Recession," as it was described by economists, led to an increase in risk aversion of most people due to

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During the Great Recession, consumer confidence dropped significantly as people faced job losses and declining home values, leading to increased risk aversion.

During the Period 2008-2010, When the U