Markets.

Seven readings on the market. Regime places the current equity premium against sixty years. Mr. Market sets the AI era next to the dotcom one. QQQ Then and Now overlays the Nasdaq‑100's first two years on the past fourteen months. Animal Spirits reads fear, envy, and the gambling instinct against the 1999 peak. The Patience Curve turns the equity premium into a 10‑year return estimate. The Pendulum is Howard Marks's fear‑to‑greed metaphor made literal. The Drawdown Survival Map is every real bear since 1871, with depths and durations.

Regime

The Living Intelligent Investor

60 years of the Shiller Excess CAPE Yield, with the headlines that defined each regime.

Cycle

The Living Mr. Market

AI vs. dotcom, side by side, on the same axes. Same valuation; very different price.

Bubble

QQQ Then and Now

Nasdaq-100 from its 1999 inception, overlaid with the index since March 2025.

Sentiment

Animal Spirits

Fear, envy, and gambling excitement: today, three months ago, and at the 1999 peak.

Forecast

The Patience Curve

Starting Shiller Excess CAPE Yield against realized next-10-year real return. The price you pay sets the return you get.

Marks

The Pendulum

Howard Marks's fear-to-greed metaphor, made literal. VIX and ECY percentile-ranked, today vs four anchor regimes.

Drawdowns

The Drawdown Survival Map

Every real bear since 1871, mapped against time. The depths, the durations, and what it took to survive each one.