Don’t Call It A Bubble: Nasdaq Floats Off Into Stratosphere As ‘Other 1 Percenters’ Conjure 1999 Parallel
There was no letup in tech stocks' inexorable ascent on Monday.
Stocks scarcely needed another excuse to rally. After all, what's better than news that the apocalypse has been called off?
But when it rains bullish catalysts it pours, and the latest good news comes courtesy of reports that the Trump administration is all set to lift the currency manipulator label from China on the eve of the "Phase One" trade deal signing.
Read more: Suddenly, China Isn’t A Currency Manipulator Anymore, Trum
This could be quite the hangover.
AAPL added $30Bn in mkt cap today. Yeah, this is normal……………..
$5 for every person in the world………….
Let’s call this “large cap bubble”. Or “growth bubble”, perhaps
I wish I could catch stocks the same way I catch a flu.
Not QE = Not (A) Bubble – J. Powell
I’m sure they’re aware of this, but the company creating these massive distortions is Amazon, with net income of ~13bn and close a 1T market cap.