I really liked this very long term chart shared by Seth Golden (originally from Stifel) some time ago. I can’t reshare the original post because his old account was hacked and ended up blocking me (I’ve included a screenshot of it in the comments.) Using the public data available, we can rebuild a close chart updated through September 2026. What stands out is that every major bubble/mania shown here peaked around the +2σ area. 🔹Historical top zone: ~1.8-2.2σ 🔹Current position: +1.01σ From this chart perspective, there is still meaningful room for the market to push higher, till mid 2030s? So the “bubble is about to pop” narrative may be early, thesis I’ve discussed a few times recently. Feel free to share the updated chart if you like it. 🫡