Scott Galloway

That doesn't mean they aren't great companies.

Amazon since then has gone up 40 or 50X, but they went down 90% from their highs of 99.

Say these companies get cut in half.

And by the way, if you woke up tomorrow and didn't know what had happened to these companies the last two years, their run-ups, they wouldn't look cheap, even if they got cut in half.

That represents a 20% decline in the S&P, which represents a 10% decline in total market cap globally.

That strikes me as almost no way to avoid a recession if in a short period of time you had 20% of the S&P eroded and 10% of the global market cap eroded.

go down.

Am I overstating the danger here?

And then I guess the follow-up question is, if you do see a lack of resilience or kind of an economy that's becoming fragile, other than, I guess it's, do we break them up?

What do we do?

How do we rationalize this market for what I would call a soft landing?

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