Part 4/14:
It's critical to underscore that the supercycle remains a theory, not a prophecy. Dan emphasizes that markets involve multiple possible outcomes, and the current discussion is about potential scenarios based on observable signals. He warns against the complacency of assuming market movements will conform to historical patterns—especially given recent extraordinary conditions like global pandemic responses, huge government stimuli, and monetary policies. The conversation touches on past misconceptions, such as the "33K by July" meme during the last cycle, which ultimately did not materialize, highlighting the importance of cautious optimism.