SPX divided by GDP

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Higher than the dot com bubble.

At best the market will find a top shortly, and go sideways afterward.

Probably doesnt make new highs, and just goes sideways, and maybe even new lows.

until GDP catches up...

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ملاحظة

Looks like it has begun, remember though... this does not nessecarily mean new lows. Could go relatively sideways as gdp catches up, so testing or slightly breaking current lows on indexes, then back up to the highs etc....