The Market’s Ominous Whisper: A Tale of Bubbles and Time

Yet in the marrow of this progress lingered the ghost of 2000, when tulips last bloomed in digital soil. The Shiller CAPE ratio-a relic forged by sages to measure the temperature of market fevers-had climbed to 39.4, a number that made actuaries cross themselves and whisper of 1929’s autumnal sigh. Investors, those eternal gamblers with portfolios stitched from hope and rumor, felt the air thicken with the viscosity of pending correction.





