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You under estimate the degree to which the 1% oligarchs are ignorant, incompetent, and short sighted they will lose much if not all of their frankly meaningless gains in recent years. The difference is they can lose 80% of their wealth overnight and not have their day to day lives disrupted at all or be forced to lock in their losses by selling off all their stocks so they can easily rebound when the economy recovers. They don't plan these cycles they're not nearly that smart, capable, or coordinated, they're just economically the best positioned in a recession just as they are best positioned in an economic boom because anyway you slice it they still hold 90% of the wealth in the economy up or down. Only a select few of the 1% oligarchs are smart enough to both see the incoming recession and know how to position themselves to literally lose next to nothing and then make out like bandits on the upswing really just the new money Oligarchs, the ones that got to where they are by virtue of talent and luck as opposed to the old money Oligarchs who inherited their economic position by virtue of being lucky enough to be born to parents who are Oligarchs.

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