Updated 12 Jan 2026 …
The SPX, proxy for the global composite equity valuation, is observed to be completing a 3-phase 2009 12/29/30 Quarterly :: x/2.5/2.5x maximum Fractal Growth Series and a 1982 to 2026 52/126 of 128-130 :: x/2.5x Quarterly Blow-off Valuation and Crash series.
The 1982 to 1994 52 Quarter series is composed of a 11/26/17 Quarter :: x/2-2.5x/1.5-1.6x 3-phase fractal growth series and the 1994 to 2026 valuation growth is composed of two 3-phase fractal series: a 1994 10/25/25 Quarter :: x/2.5x/2.5x series ending in 2009 and a 12/29/30 Quarterly series peak growth ending in Feb- Mar 2009. The 80-90% Crash from the 52/126th Quarter x/near 2.5x peak valuation will be precipitous – over 2 to 4 Quarters.
Is there a deterministic self ordering of composite equity valuation growth and decay in the Asset-Debt Macroeconomic System? It appears so.
Equity, commodity, and crypto valuations grow by debt expansion, primarily by governmental debt, which unlike corporate and citizen debt, is facilitated by direct money/debt printing. Accelerated governmental % deficit to GDP spending in the last 20 years has been unprecedented averaging 2-3 times higher than other peace time era periods. Maximum 2009 to 2026 12/29/30 quarterly :: x/2.5x/2.5x growth of equities, commodities, and crypto have been a direct of governmental debt expansion with equity valuations 122% of GDP.
The 3-phase and 4-phase self-ordering self assembly fractal laws of growth and decay of asset valuations have been well described. A maxim can be added to these two laws: equity valuation growth under the umbrella of high % deficit spending to GDP, a political and taxing system strongly favoring equity investment with individual and corporate tax advantage and with policies favoring malinvestment corporate buy-backs, will grow to the near maximum fractal time frame.
The remarkable 2025 and ongoing early 2026 blow-off valuation of gold and silver denominated in US dollars is likely a reflection of the current administration’s policies which are directly anti-institutional long-term US economic, geopolitical, domestic and international legal policies.
The system is near that maximum time frame of equity and precious metals peak valuation growth.
After a 23 Oct 2023 55/139/135 :: x/2.5x/near 2.5x peak growth, a 4-phase 5/13/12/7 day :: x/2-2.5x/2-2.5x/1.5x decay fractal series ending 7 April 2025 is observed.
The ongoing 7 April 2025 3-phase fractal growth series to 5 Jan 2026 is shown below:
The self ordering of the 53 day first fractal according to Lammert self-assembly Fractal Laws of is shown below:
The self ordering of the 107-108 day second fractal according to Lammert self-assembly Fractal Laws is shown below.
The projected 20 November 3rd Fractal Peak Valuation Growth is shown below:
