Comment by rsynnott

To be clear I mean predicting the timing to any accuracy. That’s notoriously difficult (I’d argue pretty much impossible). A modern economist dropped in 1715 or so would be able to say with certainty that the South Sea Company and associated companies was a bubble, but they would not really be able to predict when it would pop accurately.

RE the Nasdaq, yeah, it recovered in real terms after 18 years. That would be cold comfort to most.