Loading ...Very funny and very true all too often unfortunately.
Anywho — the similarities with 2000 are numerous and real — but this bubble is much bigger and could continue to go beyond the year 2000 NASDAQ analog because the bankers can’t stop printing like they did back then. If you remember, Greenspan flooded the system with liquidity due to the Y2K scare but backed off in January because he knew the bigger the bubble the bigger the payback.
Of course stocks could indeed top at NASDAQ 10,000 if the analog below has any predictive value — and based on the way gold stocks are acting right now we could also see a repeat of the liquidity event that took them down 25% in 2000.
See below:
