BREAKING: The Largest Bubble In Stock Market History

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PREVIOUS STOCK MARKET DROPS:

Market Correction: 10% Drop In Price.
Since 1920, the SP500 has (on average) seen a 5% pullback 3 times per year. On average, a 10% correction happens every 16 months, and throughout the last 20 years, a 10% drop has happened 11 times.

The Bear Market: 20% Drop In Price
According to data, this typically occurs every 7-10 years – during this time, the stock market drops an average of 33% and it falls over a period of 11.1 months.

The Market Collapse: 40%+ Drop In Price
Throughout the last 120 years, this has only happened 4 times. Even though it's rather uncommon, it's not impossible to happen in our lifetime.

HOW TO PREPARE:

-Always keep a 3-6 month fund at all times.
Having 3-6 months worth of your expenses, saved up, in cash – at all times – is one of the easiest things you can do to make sure you’ll last through a stock market drop.

-Diversify your investments.
The more you spread out your money, the more you reduce your risk and volatility…and this is the approach I’ve taken.

-KEEP BUYING IN.
Study after study show that the best thing you can do is just stick with your plan, keep buying in, and hold. Basically, do nothing different.

-DON’T PANIC SELL.
The psychology that pushes you to sell because your investment is dropping is going to be the same psychology that will hold you back when the market starts going up. Don't do that.

-KEEP A STEADY INCOME.
The biggest risk I see with stock market corrections is that, depending on the underlying cause, it could also be associated with job loss, or a reduction in income. Don't run out of income while the market drops and you start spending your emergency fund.

-KEEP MORE CASH
Statistically – this is not what you should be doing, and more often than not, investing your money all at once in the market will yield the best results – BUT if you want to play it extra safe, keeping more cash on the sidelines is a way to do that.

-DON'T INVEST SHORT TERM
A few years is not long enough to ensure that you’ll actually make money, so – the shorter your investment timeframe is – the less likely you should be invested in something that could drop in price.

If you can do the above, you’re almost guaranteed to make money over a 20-year timeframe, regardless of what the stock market does in the short term. Hope this helps!

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Mano Kamgang
 

  • @GrahamStephan says:

    -Here is a link containing the source material for each piece of research cited. I do my best to make my videos as accurate as I can, and the additional resources should help anyone who wants to look into them further – enjoy! https://docs.google.com/spreadsheets/d/1MTF8kMb5pO-fvv0dtnch_Sh5twSckyF2y_UZJUH65uo/edit?usp=sharing
    -Sign up for the Gemini Credit Card: https://Gemini.com/graham

    • @kENSTA2020 says:

      Hello again!

    • @possibilityofinfinity says:

      The entire fiat-based economic system is fundamentally broken, and one of the clearest indicators is the massive distortion in the property market relative to GDP.

      Let’s take a look back at the 1990s:

      1990 U.S. GDP: $5.96 trillion

      Total U.S. Property Market: ~$5.5 trillion

      At that point, the economy and the property market were relatively balanced. Modest increases in income could translate into improved living standards, with minimal inflationary pressure on housing or assets.

      Fast-forward to today:

      Current U.S. GDP (2025): $29.18 trillion

      Total U.S. Property Market: $136.62 trillion

      The property market is now nearly 5 times larger than the GDP. This is the core of the problem.

      Why increasing income no longer works:

      Let’s say the federal government raises minimum wages or average income levels, causing GDP to rise by 25%. That would push GDP to $35.02 trillion, an increase of $5.84 trillion.

      But here’s the catch: If just half of the $136.62 trillion property market appreciates by the same 25% — which is what often happens when incomes rise — housing costs would jump by $17.08 trillion (half of $136.62T is $68.31T × 25%).

      Even if we conservatively adjust that figure down to account for owner-occupied and corporate-owned properties, you’re still looking at a housing cost increase in the range of $13.66 trillion — more than double the benefit of the GDP growth.

      In essence, the more we raise incomes, the more housing costs rise — eroding the very gains meant to improve living standards.

      The conclusion:

      Under our current fiat system, increasing income doesn’t necessarily make people wealthier. It fuels asset inflation, especially in real estate, where prices are increasingly detached from real productivity and wages. This dynamic renders wage growth and GDP increases largely ineffective at improving quality of life for most people — especially those who don’t already own property.

      Until we address the root issue — the asset-price feedback loop enabled by monetary policy and cheap credit — simply raising wages will continue to be a game of running in place.

    • @possibilityofinfinity says:

      The rental market is headed for an inevitable collapse—not because of demand, but because wage growth has hit a ceiling. Any significant increase in wages now only feeds back into higher asset prices, especially housing, creating a self-defeating cycle. In essence, the system can no longer sustain itself. It’s not just breaking—it’s dying.

      When the fiat-based financial system collapses, first-world economies may paradoxically benefit in relative terms. Why? Because they hold the largest share of discretionary and collateral-backed assets. They’ve already front-loaded their gains through massive leverage, extracting resources and wealth that would’ve otherwise been inaccessible. As a result, the fallout will disproportionately impact the developing world—an implosion, not of Wall Street, but of the Global South.

      This wouldn’t be as consequential if there were ever a real intent to repay the debt that underpins the system. But the truth is stark: debt now outweighs actual circulating money by a factor of six. First-world countries, with their ability to leverage capital 9:1 or more, have essentially gamed the system—accumulating wealth and resources far beyond what their real productivity would justify.

      So yes, if you live in the developed world, you’ve indirectly benefited from this deeply flawed system. But that doesn’t make it sustainable. It only delays the reckoning.

    • @plastic-o2d says:

      Bitcoin

    • @denvernow7294 says:

      ​@@possibilityofinfinitywell said.

  • @ragerpeter9962 says:

    Why is it that every time I open youtube to chill, your videos pop up, claiming that I might just lose 70% of my investments. There goes my happy chilling, now I’m worried about what to do lol. The video was good and informative as always 😀

    • @shockracer says:

      How often has it happened all of those times, though?

    • @itsvanilla5360 says:

      Lmao agreed. Hes got good content but keep in mind this is a business for him. Hes gonna drum it up as much as he can for potential views and has super clickbait titles. Just stick to your guns. A crash or bubble pop in the market is good

    • @michaelmich00 says:

      cllickbait, i watch his vid 1min then quit if its the same story again. if markets would crash his health would probably too so we wont get vids then lmao. the more u have, the more u can lose

    • @thankque8441 says:

      Yeah, its business strategy. I get it but its annoying and the reason I stopped watching his videos often.

    • @Ivana9910 says:

      interest rates are gonna drop and make them go up even more

  • @bradley4ever says:

    could see the sponsorship from 40 seconds away😭

  • @Lost-1a says:

    Your videos have turned into click bait. It’s the same thing with the same outcome “continue investing have a 3-6 month savings”.

  • @jkc5817 says:

    Not having the interest rate cuts from 2000 and 2007 on that spreadsheet seems crazy

    • @Lukeor says:

      The fed pours the fuel on the fire. Without their easy money, the bubbles and the pops would be much smaller.

  • @OzzyVazquez says:

    Another day, another video of Graham telling us the world is doomed

  • @TakaluKevin says:

    Before you sell, consider this ..Every time a recession hits, the Fed opens the money taps and each time, it fuels an even bigger asset bubble. This round is expected to bring the mother of all money-printing sprees. So ask yourself, are you really willing to risk missing the bus and just sit this one out?

    • @dustinatorr says:

      While I don’t doubt most of your logic, I doubt we’ll see “the mother of all money printing sprees”… or at least relatively speaking and as it stands now. It really takes a catastrophic event for that sort of reaction, and the fed/gov have better knowledge and containment measures than ever before (just look at the slow and steadiness to raise/drop rates over the last half decade). We would need something like Covid or a complete housing market collapse to rival booms we’ve seen in recent history.

    • @TakaluKevin says:

      @@dustinatorr You may be right, but certainty is elusive. What I am closely watching for is a 10-year Treasury auction that either fails outright or shows significant weakness. If that occurs, it will be nearly impossible to stabilize the economy without resorting to large-scale monetary expansion. That new money will flood into asset prices.

    • @thomasemarek says:

      ​@@TakaluKevinI’m not afraid of missing out on anything, I just view the dips as opportunities. You make your money when you buy

    • @TakaluKevin says:

      @@thomasemarek 👍😀

    • @rebeltheharem7028 says:

      @@dustinatorr We are 100% going to see that happen, simply because of something called US debt. And if the US doesn’t want to default, it will HAVE To print money. A combined factor of low interest rates and money printing will definitely inflate asset values (since rather than having a lag time of the average American spending the money, this money will go directly into the pockets of the top stake holders of US debt, which will directly go into inflating asset prices).
      I argue it would be much worse simply because there’s no more intermediary of the average american having to spend money on consumerism, which would then prop up asset values from quarterly financials released to the public a few months later.
      And I’m not even including the amount of debt and inflationary effects the new spending package will do (less taxes on wealthy = more asset inflation (not necessarily consumer goods inflation)).

  • @TimeMachine7773 says:

    Now I need to buy stocks. If I buy FTX based off graham, I lose 13k. I buy stocks when graham mentions market collapse, I gain 20%.

  • @maxhirsch7035 says:

    Graham, I encourage you to specifically address (in some detail) dollar-cost averaging in a video like this one. I know you’ve addressed it in more depth before, but people need to keep hearing it as a way to “spread risk” and specifically not to try too hard to time the market.

  • @ScopeScripter says:

    It’s paradoxical though because when people notice it the bubble disappears

  • @JonnyRay82 says:

    You have an amazing ability to share the same video over and over again, but somehow make it exciting to watch every time.

  • @Gordothegnome says:

    Graham: We might be in a bubble. Also Graham: Sign up for this credit card that rewards you in assets highly correlated to the bubble. 😂

  • @Iheuzio-Dev says:

    people forget nvidia and all the tech companies are growing at over 10% earnings and we’re at 21PE, it is not nearly as bad as people think. Growth rate is insanely high right now and we’re probably getting another few years of this growth

  • @SuccessfulLifeInvesting says:

    Investing isn’t as complicated as it seems. What truly makes the difference is mindset: educating yourself, staying consistent, and thinking long-term. Thanks to that, I retired at 45 and now live with the freedom to use my time on what I truly enjoy.

  • @farazganji6203 says:

    More money has been lost waiting for a crash than has been lost from the crash itself.

  • @onlylordknows9816 says:

    Real estate, Bitcoin ETF, treasuries, cash, index funds… solid lineup. And I do agree…keep buying in the market. But skipping gold and silver? That’s like building a fortress and forgetting the moat…while inflation strolls in for a snack. Gold and silver are true diversification out of paper assets.

    • @denvernow7294 says:

      You could say the same thing about any speculative “asset”. Hell, beanie babies at one point outpaced all forms of standard investments. Gold/silver, although backed by tangible reserves, is just one of the billion different types of investments that exist.

    • @onlylordknows9816 says:

      @@denvernow7294 Big difference though…Beanie Babies had no intrinsic use or history, they were just hype. Gold and silver aren’t a speculative craze, they’re money that’s outlasted every empire, currency, and government policy for 5,000+ years. That’s why central banks still hoard them today. Beanie Babies collect dust, gold and silver protect wealth.

    • @onlylordknows9816 says:

      @@denvernow7294 Huge difference though…Beanie Babies had no intrinsic use or history, they were just hype. Gold and silver aren’t a speculative craze, they’re money that’s outlasted every empire, currency, and government policy for 5,000+ years. That’s why central banks still hoard them today. Beanie Babies collect dust, gold and silver protect wealth.

  • @possibilityofinfinity says:

    The current economic system faces a critical imbalance: asset prices (especially housing) are inflating at roughly 5 times the cost of real GDP growth. With assets valued at $70 trillion and GDP at $30 trillion, a modest 2% increase in GDP ($600 billion) corresponds to a disproportionate 10% rise in asset values ($7 trillion). This creates a vicious cycle where attempts to increase incomes and support the rental market fuel asset inflation, pushing living costs even higher. The rental market is becoming unsustainable, and without a way to raise incomes without inflating asset prices further, the system risks collapse.

  • @cannonfodder1198 says:

    Guy literally makes the same video every other month 😂

  • @possibilityofinfinity says:

    If you want a simple, reliable indicator of when the housing market is likely to collapse, watch rental costs as a percentage of income. When median rent reaches 50% of the average income, the system enters a critical phase of unsustainability — especially if mortgage maintenance costs (including interest, taxes, and insurance) are rising in parallel. At that threshold, both renters and buyers are stretched too thin to sustain demand, defaults begin to rise, and price corrections become inevitable. In many major cities, we’re already nearing this red line. The collapse won’t start with headlines — it’ll start with rent.

  • @francisYT24 says:

    Your FTX sponsorship and now the Gemini credit card. Jesus Christ.

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