Kindly open your eyes, look at a long-term graph of the S&P, engage your brain, and think whether a perpetuation of the sawtooth pattern seen since 1995 is a good idea. Or if it qualifies as stability for that matter.

A hard uptrend over 3 years actually proves my point rather than detracting from it, given a bigger picture. Right. It will be different this time…

Think on this. The worst crash between WW II and the 2000s was 1987. Took about 33% off the S&P 500 with a quick recovery, under two years IIRC.

By contrast, 2000 was a nearly 50% event, then eight years later, you had 2008, which hit the S&P 500 by *over* 50%. 2000 crash took ~5 years to reclaim the previous high from the nadir, 2008 took ~4 years.

If you think that the below qualifies as stability, I’d really like to try the kind of acid you’re dropping…