I still think you have to be careful because in 2008 the s&p didn't drop 53% from a bubble.
The last bubble we dropped from was in 2000.
That was the Dot Com Bubble where the s&p dropped 38.6% and the Nasdaq much more.
This is the COVID Bubble. s&p only down 24.5
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Agreed more downside to come especially with the Fed not cutting rates anytime soon.
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