From Airbnb to Tesla, it’s starting to feel like 1999 all over again. May end same way, Barron's says in cover story. Another blast from that past is Tesla's 50%-plus jump since S&P announced stock's S&P500 inclusion. That recalled 64% jump in Yahoo! ahead of addition in Dec1999. pic.twitter.com/RB46ES5LOT
— Holger Zschaepitz (@Schuldensuehner) December 12, 2020
— Invariant Perspective (@InvariantPersp1) December 12, 2020
— M/I_Investments (@MI_Investments) December 11, 2020
It's happened. I'm finally "someone". 😂 pic.twitter.com/FFoJoHIMRO
— Sven Henrich (@NorthmanTrader) December 12, 2020
Initial public offerings have been doing extremely well lately, bringing to mind the excesses of the tech bubble in the late 1990s.
Shares in Chinese toymaker Pop Mart International Ltd. jumped as much as 112 per cent in their debut Friday, after home-rental platform Airbnb Inc. closed 113 per cent above its IPO price in New York. JD Health International Inc. surged 56 per cent in its debut Tuesday while DoorDash Inc. soared 86 per cent in on Wednesday.
Stocks are near record highs, with the market trading at levels last reached during the 1999-2000 tech bubble and just before the historic 1929 crash. And yet investors seem unconcerned.
Here's a longer term view in case you're interested: pic.twitter.com/yrNlHJqTx8
— Jim Bernstein (@_JimBernstein) December 12, 2020
The global auto industry is worth $2 trillion. If $TSLA is able to capture just 150% of that it would be worth $3 trillion. That's bigger than Apple! Massive bull case
— Dr. Parik Patel, BA, CFA, ACCA Esq. 💸 (@ParikPatelCFA) December 11, 2020
Blackrock placing a market order when the Nasdaq falls 1% pic.twitter.com/82REVcFhsh
— Jerome Powell (@alifarhat79) December 11, 2020
How did we get here? Here is the full breakdown courtesy of Hartnett:…
Put Call Ratio – a big hook for Bulls here??? The Put Call Ratio daily chart closed outside the Bollinger Band – so Monday will be tell – so you think the markets will never correct, eh?? Everyone is "All In, Baby"…. and leveraged – I must buy stocks and calls, I must…. pic.twitter.com/6pFGnqAvfh
— David Larew (@ThinkTankCharts) December 12, 2020