INPAP - The Current Speculative Bubble Dwarfs 1999/2000

• A lot of comparisons are made regarding the current speculation in the equity market to what occurred in the late 1990s and early 2000s.
• While the GameStops, SPACs, and Teslas garner the most attention, the equity market bubble today is actually far more encompassing, even across the range of S&P 500 stocks.
• In 1999 and early 2000, the equity market bubble at that time was more concentrated in the top decile of large-cap names.
• Today's everything bubble is making it harder to distinguish truly overvalued assets, yet the elevated nature of most assets is potentially much more destructive in a correlated decline.
• A vast majority of investors in traditional stocks, bonds, and real estate would be well-served to take a vacation from the markets until the investing landscape is more favorable.

For further details see: