Strategist Martin Guri at Nordea Bank says the months since then have been a "rollercoaster", with a lot of people selling their shares due to fears of the world economy turning into recession.
Back in January it was fears over the stability of the Chinese economy that had spooked investors. Martin Guri says central bankers have spent a lot of time trying to calm people's nerves, by being "dovish" - in other words, promising to keep interest rates low, or lower, and keeping a supply of cheap money flowing into the economy.
"Everyone was scared off, from every asset class, from bonds to commodities, just selling everything, in a kind of scare run, and then there came some sweet-talking to the market, now we are in a little bit of a wait-and-see mood", says Martin Guri at Nordea bank.
Even in this crisis some have managed to make money, especially in the equities market if you are a short-term player, says Martin Guri.
"Many of the commodity-related stocks, which went down some 60 to 80 percent last year, they have been bouncing back heavily, between 30, even up to 40 percent, during just these last months. But one has to keep in mind these are only percentage points. If something goes down 90 percent from 10 to 1, then up 100 percent it's still only on 2. So if you get the timing right you can make a lot of money, but the broad mass have, of course, been losing money on the way down."