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Open original source ↗In this article I greatly expand on this tweet.
The market's grieving process has been interrupted the last couple decades by heavy doses of monetary and fiscal cocaine. So much so that it is now hard to tell if grief can ever find its position again.
Denial is perhaps most easily found in market breadth indicators, and I follow one in particular that seems to give a very strong signal every few decades.
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">The stock market is quite obviously in its first stage of grief, denial. Per 2000 and 2008, this stage lasts 6-9 months.</p>— Cassandra Unchained (@michaeljburry) <a href="https://t.co/nYJV78wTWg%22%3EOctober 6, 2026</a></blockquote> <script async src="https://t.co/rjJMJQMQh4%22 charset="utf-8"></script>
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The stock market is quite obviously in its first stage of grief, denial. Per 2000 and 2008, this stage lasts 6-9 months.
michaeljburry ↗