by DesmondMilesDant
Caption: S&P not so much.
Caption: Nasdaq is truly in a bubble.
I dont know whether this chart depicts it properly enough or not but there should be a Stock mkt valuation compared to the amount of readily available money supply. So currently SPX isn’t that overvalued but man Chasdaq is trading like how the 2000 dotcom bubble was 3months or maybe like 1month before the final top. Just a funny fact about Nasdaq was there was a time where the bubble was gonna pop just like we all thought in 2022 but then Nasdaq doubled in about a yr. let’s see what happens this time around.
In simple terms stock market is like a game of musical chairs. Keep playing and dancing around when the music is on, but when it stops there wont be chairs left for everyone.
The top 10 stocks in the S&P 500 now account for 35% of the ENTIRE index.
The last time we saw this level of concentration?
In 2001 when the Dot-com bubble bursted.
The "Magnificent 7" are now approaching +100% for 2023.
Meanwhile, the remaining 493 stocks are still up less… pic.twitter.com/J3CKqqPns6
— The Kobeissi Letter (@KobeissiLetter) December 18, 2023
The Magnificent 7 have a higher weighting in the MSCI World Index than all of the stocks in the UK, China, France and Japan combined. pic.twitter.com/UEDSs5S6H8
— Charlie Bilello (@charliebilello) December 17, 2023
Can’t help but look at this famous Buffett indicator and wonder how high it would have been in 2000 with the trillions in stimulus/printing like we’ve had past few years.
Then I remember:
Greenspan eased just before…
“The first time the Fed experimented with running a high… pic.twitter.com/Jjo9irn7fg
— Samantha LaDuc (@SamanthaLaDuc) December 17, 2023
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