Also, your chart only goes back to the GFC and the start of the massive QE and one long rally.

Source: https://seekingalpha.com/article/4615972-investor-outlook-the-puts-to-calls-ratio?source=feed_all_articles

And they were only down 4.5% peak to trough during the GFC.

Source: https://seekingalpha.com/article/4605570-bowlero-corp-bowl-q3-2023-earnings-call-transcript?source=feed_all_articles

As a result, exploration credits stalled in the General Faculties Council (GFC) earlier this year, which both Monteiro and Kaur sit on.

Source: https://thegatewayonline.ca/2023/02/su-exec-report-cards-2022-23-vice-president-academic/

At an 8.5% performance on an annual basis for the past 20 years, you've outdone the market, and that is with a very serious EPS crash back in the GFC in -08.

Source: https://seekingalpha.com/article/4607986-brunswick-consumer-discretionary-with-long-term-value?source=feed_all_articles

Enforced Lockdown recessions were very different from the GFC credit crunch and fiscal policy also supported employment via furlough schemes during Covid.

Source: https://seekingalpha.com/article/4631286-the-shape-of-things-to-come-is-the-era-of-g7-zero-rates-over?source=feed_all_articles

Garmin received FAA approval in 2019 for its GFC 500 on the Beechcraft Bonanza F33A.

Source: https://www.aviationtoday.com/2023/08/30/garmin-gets-faa-thumbs-up-for-gfc-600-autopilot-in-king-air-f90s/

I’ll admit, it does sound a lot like a fancy tent, and before I got my hands on a with a GFC Camper strapped to the back, I assumed it was like a every other rooftop tent.

Source: https://jalopnik.com/the-gfc-camper-is-so-much-more-than-a-rooftop-tent-1850769888?utm_source=regular

It was mostly after the GFC that the fund experienced most of its longest period of trading at an extended discount.

Source: https://seekingalpha.com/article/4605543-eos-cef-discount-opens-up-creating-opportunity?source=feed_all_articles

The shutdowns basically shut down the economy as well: the same kind of unexpected shock that we saw in the GFC, with basically the same results.

Source: https://www.forbes.com/sites/bradmcmillan/2023/01/20/recession-and-debt-ceiling-fears-loom-large-for-investors/

This long-term chart of Stockland Group shows only mediocre gains since the GFC low.

Source: https://narrabricourier.com.au/2023/04/26/charlies-charts-26th-april-2023/

Zooming in on the GFC timeframe tells a similar story to the dividend yields.

Source: https://seekingalpha.com/article/4568665-pool-great-dividend-growth-stock-with-high-recessionary-risk?source=feed_all_articles