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But isn't that the nature of bubbles? They go up for a long time, and then they come down very fast.

So the day after the bubble bursts you'd see exactly this: a very recent very sharp drop, preceded by 12 months of solid gains.

also, sometimes when they pop you’re till up 50% after everthing is said and done, even if you’re down 90% from the peak.

the market is like a ponzi scheme, it depends on when you got in