This is Nasdaq following 2000 bubble burst. Dropped 80% within 3 years. The Fed didn't have anyone's back. Imagine what happens when much larger 2021 bubble bursts.

This is Nasdaq following 2000 bubble burst. Dropped 80% within 3 years. The Fed didn't have anyone's back. Imagine what happens when much larger 2021 bubble bursts. pic.twitter.com/zGKQo0PDsi
— Minsky Moment (@BP_Rising) August 30, 2021

In 100+ years data:
Such depressed earnings’ yields have always led to very significant market meltdowns.
Great Depression.
1937-8 Recession.
Tech Bust.
Average return for the subsequent 3 yrs being close to -53%.
Thinking the Fed can sustainably taper here is just nonsense. pic.twitter.com/HRXmC2xWy3
— Otavio (Tavi) Costa (@TaviCosta) August 29, 2021

https://twitter.com/VSoien/status/1432006243279900680

No one can see a Bubble pic.twitter.com/nRFt31buro
— Financelot (@FinanceLancelot) August 29, 2021

https://twitter.com/VSoien/status/1431959919687786498

🇨🇳 Huarong Posts $15.9 Billion Loss as Leverage Hit 1,333 Times – Bloomberghttps://t.co/lK838OLz0G
— Christophe Barraud 🇫🇷 🇲🇨 (@C_Barraud) August 29, 2021