The decade ahead presents a fascinating paradox. If the current momentum holds steady, we could see major equity indices climbing toward the 10,000-11,000 range, extending what looks like a prolonged bull run. But here's the tension: rapid AI adoption and valuations detached from fundamentals are building conditions for a significant correction.

History rhymes. The pattern of extended growth followed by sharp reversal has played out before—the 2000s tech crash, 2008 financial crisis. A 2030s downturn, potentially severe, isn't just plausible; it's structurally likely if current asset inflation continues unchecked.

The wildcard? How the AI bubble deflates. If valuations compress while real productivity gains haven't materialized, we're looking at genuine pain, not just a healthy pullback.

This take will either look prophetic in hindsight or completely off base. There's no middle ground—markets rarely split the difference on structural shifts.