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Everything in the Stock Market Is Being Sped Up Including the Crash

  • S&P’s P/E drop approaches dot-com era’s slide at a faster clip
  • Three 19% drawdowns in four years show rare bout of volatility

When the nineties ended, an overvalued stock market took three long years to rid itself of its accumulated excess in what is now known as the dot-com crash.

That a similar reckoning has needed just 14 months to play out now is a sign of how fast moving this market is -- and how dangerous it’s become for anyone believing they can pick a moment to buy and sell.