S&P500 divided by M2 with the DCOM Bubble, 2008 crisis and covid

Hey,


Just sharing this chart I found interesting. Marked out the Dot Com Bubble and the 2008 financial crisis as well as covid.

Interestingly, we're nowhere near the Dot Com Bubble highs but went above the 2008 financial crisis high and and back down twice now.

I think we're heading towards a global recession, once more.