And reindeer, we had 25% inflation from 2000 to 2008, so the Dow was worth 25% less. So not a matching bubble but the unwind had continued. 2008 was no bubble

https://www.finviz.com/futures_charts.ashx?t=ES&p=m1

https://www.in2013dollars.com/2000-dollars-in...l%20Items).