There's a BS chart going around today likening today to the eve of the 1987 crash. I point out that if that is true, we have the biggest rise in value in history to look forward to over the next 10 years.
Feel free to use a log-chart so the 40% crash doesn't look like a blip on the chart. We don't have T-Bond rates at 10% as we did back then, but CPI was 7% for a net 3% real inflation. Back out taxes and money cost you nothing to borrow back then, as it does now. Back then we had a new Fed Chairman (Greenspan who took over in August 1987, at the top). We had rising crude oil prices back then and a falling dollar. We have tremendous M&A activity to keep stock prices afloat (very similar to M&A activity now and corporate buybacks to boot) and we also have the last two years of a Presidential term (Reagan 2nd term) and we also have higher taxes (as we did back then too). So, there are a LOT of comparisons that are real and meaningful.... So, I wouldn't call it BS.