Preston's study of the S&P 500 since the tech bubble shows 64% declines in the 2000-2003 period and housing bubble period, and he expects the market could eventually decline 60-66% back to equilibrium yields around 8-10%, suggesting current valuations are extremely stretched historically.

forecastpending

Speaker

Mike Preston

Evidence Quote

this was a drop of 60% the housing bubble was 64%... I would expect this Market to lose two-thirds of its value you know to just to get back to equilibrium

Source

Brent Johnson: The Demise Of The Dollar Will Take Longer & More Surprising Turns Than Many ExpectAdam Taggart | Thoughtful Money®
Created: 8/12/2026, 6:41:04 PM

My Notes

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