Michael Nadeau

And then you had the bear market rally in January of 2000, 30% rally.

That was kind of coming out of some of the lows.

And we had another one, another bear market rally in 2001.

So now you're in the sort of like wealth destruction phase and you're getting some of these kind of bear market rallies.

And then the other two were coming out of the lows from 2009.

And then we had the big sell-off, COVID sell-off, and we had a big rally, a V-shaped rally coming out of that.

So

The takeaway for me, I think, is just these tend to happen, like, coming out of, like, a mean reversion after a correction is, like, one way these tend to happen.

And then they tend to happen at, like, the top, right?

So possibly that's where we are.

We could be early.

We could be early.

That's the challenge.

I think that's the, this is the challenge.

We could see another 30% move.

You know, maybe we have a little 5% correction and then another 30% move.

I think this is the

This is the challenge of being in a bubble.

And I think if you're a trader, you probably love this, right?

Traders probably like this.