Are the markets like they were in March 2000, right at the top of tech-bubble? I have been seeing lots of facts about how expensive or extended this market is. The Schiller P/E ratio near the 2000 top. The Buffett Indicator at over 2 standard deviations, similar to the 2000 top. US Total Stock Market Value/GDP at all-time highs, far exceeding the 2000 top. The weight of the top 10 stocks in the S&P 500 above the 2000 top. $SOX index up 38% in April vs 50% in February 2000. On and on.
These all have me concerned. I traded during the Tech Bubble. Are we in a bubble? Probably. When will it burst? I don’t know.
Then I got curious how is the pure price action compared to then? At the Tech Market top, what percentage of Nasdaq 100 stocks had gone up more the 100% over the last year? How does that compare to now?
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Good Quant Trading,
Cesar
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