All of that Federal Reserve money-printing, low interest rates and stimulus are helping stocks reach new highs. This new chart from CNBC makes the suggestion that the Nasdaq will continue its ascension.
The Nasdaq’s movements are similar to what happened during the dot-com bubble in 1999 and 2000, but the business news network says it’s different this time.
Here is what the article states:
“In 2000, the rise of 247 percent from 1,475 to 5,132 over seven months was unsustainable. The Nasdaq trend was almost vertical from November 1999 until the crash in March 2000.
“This time, the index’s behavior is different.”
Sure. It’s always different this time.
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