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January 2023
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I’m troubled by this chart

Is a crash imminent?

(graph courtesy of Cumstock Partners)

Ten years after dot.com bubble

Comparing market performance after big crashes…


(click to play video; source: FT)

The pattern is the market usually go on sideways for a VERY LONG TIME after big crash. This offers a sober lesson for those who got too excited in predicting a robust recovery.