qqq spy comparison dot com bubble oil crisis debt market peak

$QQQ $SPY The comparison still holds, but the dot com bubble didn't face an oil crisis or massive debt like today. These factors will cut down on the market's peak. In terms of retail investing and over-the-top trading, we've already surpassed the dot com bubble levels (I know I was there). The US had to wage the Iraq war from 2003 to 2011 to recover from the dot com crash, then push into the GFC via bank deregulation. The US can't repeat that spending without risking the bond market, as global demand for US debt has dropped sharply. Let's be clear, the scale of what's coming is unprecedented. We're past the point of no return. A recession and crash are inevitable. How bad and how long are the only unknowns. Chasing gains right up to the edge of the cliff is a bad idea. GL