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Trend Exhaustion Analysis
1929: The Great Depression
1968: Prolonged bear market → monetary tightening → fiat currency
2001: Dot-com bubble burst → 2008 global financial crisis
2025: Unknown
Declines:
1929: -86%
1968: -48% (inflation-adjusted: -78%)
2001: -57% (inflation-adjusted: -66%)
All of these downturns took more than 10 years to recover.