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The Bear Market Has Only Just Begun | Ted Oakley
Forward Guidance
How Much Confidence Do You Have in Risk Assets?
This one i have to compare to a late 99 and early two thousand. Everything is just totally expensive. I think there's only been maybe four or five super bubbles in a hundred and 20 years. This was one. And it takes, when you get something like that, and people do the craziest things and pay the craziest prices for things that don't matter,. then it just takes a long time to wring it out.
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