Qualitatively this now appears to be a perfect storm …. Consider the DJIA 3 Sept 1929 peak valuation and the 25 Feb 2026 ACWI peak valuation. In 1929 10% margin buying of stock caused extreme valuation and tremendous over-leveraged fragility. In 2026 500 billion dollar’s of private bank and financial industry investment funds caused extreme valuations and like great fragility. The 2026 AI/Tech investment funds were already insolvent in Jan 2026. Add to this meltdown scenario, a strategy-less, self-inflicted global energy/fertilizer shock that limits the fed’s ability in immediately lowering interest rates to confront the cascading debt default and equity crash.

20 November 2026 ACWI fractal progression.

Current 1929 4-phase fractal series decay crash model containing the 3 Sept 1929 DJIA peak valuation. with 48% peak to nadir initial loss.

2026 ACWI 4-phase Lammert fractal decay series crash model containing 25 Feb peak valuation and self similar to the 1929 crash.