The comparisons to the beginning of dot com are uncanny.
I compared countless indicators and the current price action is identical to the dot com beginning.
Additionally, the duration of the yield curve inversion is identical and the % of the drop is identical, almost to the decimal.
The current contraction took 5x as long to reach this point as compared with the dot com.
The dot com contraction took 2.3 years to hit bottom from the identified mark.
Scaling the time, this correction could take 10 years (5 x 2) to reach bottom.
We've enjoyed 15 years of a bull market (with some bumps along the road).
Now, we are facing the most inverted yield curve in 40 + years.
Time for the market to pay the piper.
I fear this will be a recession we will share with our children in 20 years
We are only at the start of this.
I compared countless indicators and the current price action is identical to the dot com beginning.
Additionally, the duration of the yield curve inversion is identical and the % of the drop is identical, almost to the decimal.
The current contraction took 5x as long to reach this point as compared with the dot com.
The dot com contraction took 2.3 years to hit bottom from the identified mark.
Scaling the time, this correction could take 10 years (5 x 2) to reach bottom.
We've enjoyed 15 years of a bull market (with some bumps along the road).
Now, we are facing the most inverted yield curve in 40 + years.
Time for the market to pay the piper.
I fear this will be a recession we will share with our children in 20 years
We are only at the start of this.