ACTV - It's Not 2000 - But There Are Similarities
2024-06-11 07:50:00 ET
Summary
- More than a few individuals were active in the markets in 1999-2000, but many participants today were not.
- Today, the companies racing higher on Artificial Intelligence have actual revenues and income.
- The forced feeding of dollars into the largest-weighted stocks makes market performance appear more robust than it is.
More than a few individuals were active in the markets in 1999-2000, but many participants today were not. I remember looking at charts and writing about the craziness in markets as the fears of "Y2K" and the boom of "internet" filled media headlines. It was quite the dichotomy. On one hand, it was feared that the turn of the century would "break the computer age," as computers could not handle the date change to 2000. However, at the same moment, the internet would turbocharge the world with massive productivity increases....
It's Not 2000 - But There Are Similarities