1. The stock market is a leading economic indicator, driven more by investor emotions than economic data; 2. Current levels of extreme bullish sentiment and distinct Elliott Wave patterns suggest a longer-term corrective pattern is underway; 3. Historical parallels, such as the 1968-74 stock market, indicate a significant market downturn is expected; 4. The recommended asset allocation is consistent with the expectation of a major correction, possibly ending in early 2026.