Let's keep it simple: I lost all my gains from this year (holding, not selling). Am I F'd?

Alright, so I went up to around $284k total and most of that was driven by memory, ai, all the usual stuff since defense stocks haven't been doing well DESPITE BEING IN A LITERAL WAR.

Anyhow, memory stocks have been in the pooper. I have gone from $284k to $244k

there is no shortage of discussion about whether or not things will improve that go into some in detail analysis.

I'm currently sitting on my hands and doing nothing, which is often the right move in times of uncertainty.

I also understand that things can get really bad before getting better during midterm election years. But of course we're in unprecedented times (then again, has it ever not been unprecedented?)

But, I just want a simple answer. Are things going to recover? Am I fucked. Are we fucked. Nobody knows for certain obviously, but what do you think. Let's keep it simple.

Thanks guys