1999 + 2008 = Very Bad Combo. Hyper Concentrated Stock Market Sends Warning Signals

Do you think that the stock market is overvalued or undervalued right now?

After the year 2000 and the dot com boom and bust, we looked back in the rear view mirror and it was obvious. The market had been so overvalued. Suddenly, everyone was a genius. There’s just one problem. Just like with the subprime crisis, few were screaming about the tech bubble. Why? Because nobody wants to stop the party. Nobody wants to take the punch bowl away. Nobody wants to cut the music. But at some point, people need to realize the extreme devastation that occurs when garbage is suddenly reasonable, and average is suddenly spectacular. 


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