You'll Lose Again If You Keep Betting On A 2026 Bubble

2026-01-07 17:07:45 ET

The current market vs. the dot-com bubble

With all major stock indices (such as the DJI , SP500 , NASDAQ , and RTY ) kept advancing in 2025, I’ve seen my fair share of analyses comparing the current market to the 2000 dot-com bubble. I believe you did too. The arguments seemed pretty strong, and some of the evidence even seemed wickedly striking (like the analogies between Cisco’s valuation in the 2000s vs. Nvidia's current valuation, which I will detail in a minute). But underpinning these comparisons are a few simple ideas, such as the high P/E ratios of the current market, the potential of an “AI bubble,” and also the market’s unusual concentration in a handful of mega-cap stocks (which all happen to have an AI relevance and thus further fuel the AI bubble argument)....

Read the full article on Seeking Alpha

For further details see: