Be optimistic guys, Market will recover again. It's not like it will keep going up and up everyday. If money was that easy to make, everyone would be a billionaire.
The market cannot always go up; corrections are a natural part of its cycle. Even the US market experienced some corrections not too long ago. That's why returns are not consistent every year. Instead, they should be viewed over a longer period. The stock market is not like an FD (Fixed Deposit). High PE (Price-to-Earnings) ratios often fail to justify a company's growth, but many people look for easy money. When their expectations aren't met, they quickly start blaming the market.
Lately, people have become accustomed to seeing 200-300% returns in a single year. It was surprising to see how many companies' stocks gained over 1000% during the last couple of years, even when those companies were making losses. A market correction was bound to happen. Even mutual funds now have PEs of more than 50-60, which highlights the challenge of finding value in such an overheated market. It’s difficult to accept, but it’s the reality.