E-Commerce Bubble Compared to Other Bubbles: Chart
The e-commerce bubble will likely continue to grow. However, it will reach a point in which it is unable to sustain the current growth rate of earnings and capital inflows, resulting in a significant short-term drawdown followed by sideways growth until e-commerce stock prices fully are reset.
Source: Doubleline; Bloomberg, Are We Headed for a Passive Index Meltdown? by Frank Holmes, U.S. Global Investors