After the Y2K collapse, investors swore off stocks and ploughed their remaining funds into real estate. Of course that turned out to be a low interest rate Fed-funded disaster as well. So, then following 2008, investors switched back to stocks again. In fifteen years, they've learned nothing. Which means that the real lesson lies ahead.
Today, briefly, the Nasdaq touched 5000 again, igniting a firestorm of Wall Street bullshit:
The "This Time It's Different" Nasdaq (after the jump)...
The first difference from Y2K is that inflation adjusted, today's "5000" isn't what it was 15 years ago...
The first difference from Y2K is that inflation adjusted, today's "5000" isn't what it was 15 years ago...
Inflation-adjusted Nasdaq:
The other difference is that today's Nasdaq required $4 trillion in Fed liquidity without which none of this chicanery would be possible:
The Fed-printed Nasdaq i.e. a Jedi Mind Trick for Stoned Masses
These are the leading stocks within the Nasdaq. Today.
Monster Beverage:
NXP Semiconductor which bought Freescale and yet its stock went up instead of down. Normally the acquirer's stock goes down, but not in the Twilight Zone...
And then there's the entire Apple supplier complex which has been going full bulltard for weeks:
Top performing IPO of the past year:
And let us not forget Priceline which just like Y2K, peaked early and then made a lower high concurrent with the Nasdaq peak:
The stoned Idiocracy never learns.
