European markets have made the EXACT same % gains since bottom of early 2000's markets towards the peak of 2007.
We have seen ultra expansion of the markets in 2000 as well as 2007. The final bubble stage. We have currently not seen those expansions in regular markets since most are beaten down by Covid. YET we have experienced these expansion on TECH stocks and several others specific stocks. I think we're pretty damn close to a market meltdown.
Retail traders weight in 100B in the final stage of 2000 and 2007 peak. They currently putted 500B on the line in the last couple of weeks. THIS WILL NOT END PRETTY.
I think we're looking at -70-80% on major indexes at least. Some big short will have to endure losses of 90% from my point of view. Specially tech will be in the corner where the punches will land hard.
Brace yourself for the coming years! Don't dip yourself in longs to early.