Michael Nadeau

For me, as somebody running a small business,

It's definitely making my life more efficient and I can see a path where we can just do more and not have to hire.

Yeah.

Again, so trying, you know, this is just me zooming out, trying to put this in perspective, like, you know, how many times has this happened in history?

And like, what were the circumstances that it happened?

It's happened a total of eight times going back to 1971.

And if we kind of just go through these, so back in 1991, we had a 26%.

Rally over a similar number of days.

That was coming out of a cycle low.

So I'm trying to understand what was the context of these rallies.

That was out of a cycle low.

Recovery rally, basically, mean reversion rally.

And we had another one in 1998.

So this was kind of like early, earlier in the kind of like AI bubble.

This was also coming out of a correction.

So kind of early cycle move back in October of 1998.

And then we had the big late cycle melt up.

October 27th, this was Q4 of 99.

That was a 28% rally.

That was the late cycle kind of melt up.