General Discussion Topics, page-51793

Almost Mate. Nasdaq dropped 28.2% between March 3rd 2000 and May 12th 2000 whereas this time around it has dropped 24.97% from 26th Nov until now.

More interesting is the fact that the DOW led in the declined back then dropping 11.5%from 10th December 1999 to 10th March 2000 before really getting stuck into the declines where it continued to fall another 20 plus percent up to Sept 2002.

So last time, the catalyst was mainly about Corporate earnings and profits not keeping up with the extraordinary forward PE multiples .......and this time its about Corporate profits not keeping up due to a possible post COVID ' deep ' and entrenched recession brought about by war in Europe exasperating already increasing inflation and higher sustained interest rates.

Funny thing is though is that Wall Street almost always knows how to adjust and ' reset ' Corporate earnings via increased productivity delivering future savings and efficiencies.

Question is , will it learn to live with the current circumstances and do it again. And there will always be higher CAGR sectors to rotate your capital to with those who are best positioned being those who were early and first in.

Now would be a good time though for Quebec to declare and show its long talked about support for the ' Extraction ' end of the supply chain - else like I said , it will run the risk that it will loose viable businesses through collapse for the FOURTH time........which is what they wanted to avoid.