Dow: The Great Short

The charts shown below compare notional values of the Dow between 1914 -1929 and 1995 -2020.  Adding an additional 24+% to the SP500 (and Dow) within one year, as noted by JP Morgan on November 9, 2020, would drive the Dow up to an estimated value of 36,553 by the last quarter of 2021. By November 2021 the “Great Reset” is expected to turn into the Great Short of 2021-2023.