To put this in perspective, according to CapIq, there were just 95 companies in the S&P500 with a market cap over $50 billion, suggesting Uber which did not exist when Lehman filed for bankruptcy, now has a market capitalization greater than 80% of the S&P.
Does anyone even remember 2000 and 2007 ? The bursting of the next bubble will be unusual in that I don’t think U.S. government or FedRes will be able to do bailouts. The Fed is technically insolvent not to mention interest rates are already at zero.
Will the rest of the world be forced to bail out the U.S. by increasing dollar holdings exactly when they won’t want to ?