Another @FoFtyTrader video dropped today and he was talking about the private credit market being similar to 2008. (CLO vs CDO) Hidden debt has always caused the worst recessions / depressions. He's anticipating a similar scenario to 2008 with a rolling downtrend, but I'd argue the situation is similar to 1929. 2008 was only a debt frenzy, 2026 & 1929 were stock market frenzy + debt frenzy. In the 1929 scenario there was a flash that lasted for 2 months, followed by a 9 month recovery before the prolonged downtrend began. We could see something similar.