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Nasdaq 4000: Stocks are Not Behaving Like It’s 1999
December 04, 2013 at 19:00 PM EST
The Nasdaq Composite made news last week, moving past the 4,000 mark for the first time in 13 years. But, according to Russ, the current trip above the 4,000 level looks quite different from what was happening in 1999 and 2000. While the Dow Jones Industrial Average and the S&P 500 Index have been regularly notching record highs, the Nasdaq Composite made news last week, moving past the 4,000 mark for the first time in 13 years. The last time the index was at these levels was September 2000, toward the end of the dot-com boom. In addition, broader market indices like the S&P 500 continue to post new record highs. It’s no wonder, then, that some investors are again asking if stocks are in a bubble. In my view, as I write in my new weekly commentary, the answer remains “no.” While valuations are less compelling than they were [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
The Nasdaq Composite made news last week, moving past the 4,000 mark for the first time in 13 years. But, according to Russ, the current trip above the 4,000 level looks quite different from what was happening in 1999 and 2000. While the Dow Jones Industrial Average and the S&P 500 Index have been regularly notching record highs, the Nasdaq Composite made news last week, moving past the 4,000 mark for the first time in 13 years. The last time the index was at these levels was September 2000, toward the end of the dot-com boom. In addition, broader market indices like the S&P 500 continue to post new record highs. It’s no wonder, then, that some investors are again asking if stocks are in a bubble. In my view, as I write in my new weekly commentary, the answer remains “no.” While valuations are less compelling than they were [...]
