Subject: Re: OT: Are we in a recession? Is one coming?
Looking back 25 years, the NAZ peaked in March 2000. The recession started in March 2001.
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If we're into anecdotes, the market reached its all time high before the Great Recession on 10/7/2007. It took until 12/1/2008, a whole year, for the NBER to declare that the recession had started in December 2007.

So, it seems unlikely to be at an all-time high and in a recession at the same time.

DB2