S&P 500 Charts Show Similar Warning Signs as 1997 and 2006
A viral chart comparing the S&P 500's current trajectory with that of the late 1990s has reignited debate over whether enthusiasm for artificial intelligence is inflating a classic market bubble.
The index keeps setting records in 2026, and analysts disagree sharply on what that pattern actually signals.
The Warning Signs That Alarm the Bears
The Shiller CAPE ratio measures share prices against inflation-adjusted earnings over a decade, offering a longer view than conventional metrics. It currently hovers near 40. That level carries historical weight. Similar readings appeared only at the absolute peak of the dot-com bubble.
Analyst Rekt Fencer triggered the discussion. He posted a chart overlay arguing that the structures look almost identical: a sharp correction, a robust recovery, then a renewed push toward new highs.
His framing was deliberately provocative. He listed 1999 as the dot-com bubble, 2007 as the housing bubble, then asked whether 2026 represents the AI bubble.
… Continue reading the full article at the original source below.
