So the cyclical periods and the exponential periods are interwoven. And never does the exponential look more predictably exponential, into the future, than at

So the cyclical periods and the exponential periods are interwoven. And never does the exponential look more predictably exponential, into the future, than at the end of the exponential. Equally so, the cyclical, sinisoidal, looks the most sinusoidal at the absolute end of the sinusoidal. So what's happening is we're forever doubting which of the two we're in, and what we believe percolates into everything we do, the products we buy and therefore make, the sufferings we contend with and those we postpone. So there was a lot of talk about the "markets are cyclical" at the end of 2019 and early 2020. So at that point, nobody thought "this time is different". Everybody thought "this time is not different." That made that time different. Simple as that. Now, in this bear market, where stocks are conforming to the cyclical and people care nothing at all for the things they cared about in the exponential, this time is not different, because people believe "this time is different." Back to the cyclical.