S&P 500 Price to book, brings us so close to being the most expensive market of the modern era. The 2000 bubble: Nasdaq lost 78% in 2 years. It will be worse this time.

These conditions echo the dot-com bubble, where the Nasdaq rose five-fold from 1995 to 2000, only to crash by 78%. Given the current high valuations and investor optimism, caution is essential. Investors should consider the risks and adjust strategies accordingly.

https://twitter.com/MichaelMOTTCM/status/1867196888430109006