It certainly feels like 2000 again…

It certainly feels like 2000 again.t.co/HfPcAcEYbi

— Francis Bussiere (@AstroCycle_Net) August 24, 2021

The S&P500 is on track to reach the 2nd highest number of all-time highs in a year in 2021

via @BankofAmerica @SoberLook pic.twitter.com/vRL7YXTyxN

— Gregory Daco (@GregDaco) August 24, 2021

Last year's crash was due to monetary stoned gamblers ignoring the virus impact on the global economy.

This year, the difference is far more monetary crack.

Today the Nasdaq eked out a new all time high. Last week, highs – lows crashed to meltdown levels: pic.twitter.com/PbH5tCmiBX

— Mac10 (@SuburbanDrone) August 24, 2021

As #BobFarrell once quipped:
"Investors buy the most at the top, and the least at the bottom."@RealInvAdvice @NDR_Research @SoberLook pic.twitter.com/EO0h6TG6nk

— Lance Roberts (@LanceRoberts) August 23, 2021

US corporate debt to market value of equity ratio at a level lower than at the peak of the 1999/2000 bubble 👇 Another chart for future history books. (BofA) pic.twitter.com/kvGXDNIAgq

— Michael A. Arouet (@MichaelAArouet) August 23, 2021

"We have less than 3 weeks before emergency supplemental employment benefits run out. If you look at Google teens, interest in job openings has gone up quite a bit. There'll be a good 8-9 mn looking for a job. That could be a deflationary impulse."t.co/4RdhhrBCUa pic.twitter.com/2XChTDGTx7

— Danielle DiMartino Booth (@DiMartinoBooth) August 23, 2021

Repo, Debt and Bond Markets in Financial Crisis 2.0, Michael “Big Short” Burry CRASH is Coming

The REPO market, where banks are buying short-term treasuries on an epic scale, on face value this can be explained that the banks are reluctant to lend and so Banks awash with cash are parking their excess deposits with the central banks so that they do not have to increase their capital reserves to cover the excess deposits as the following graph illustrates…It certainly feels like 2000 again.

Morgan Stanley: The US Consumer Is Headed For A Double-Dip Recession

Two weeks ago, well before most banks slashed their GDP forecasts (most notably Goldman who took a machete to its Q3 GDP estimate of 8.5% and now sees just 5.5% growth in Q3), we noted that “a sudden negative change” had taken place in the economy, predicting (correctly) that retail sales would be a big miss (they were).