Episode 801: The DC Today - Thursday, February 22, 2024
A big rally day today across the board, but particularly in technology stocks primarily fueled by AI euphoria.
A big rally day today across the board, but particularly in technology stocks primarily fueled by AI euphoria.
Today's Post - https://bahnsen.co/3OUiHEJ
A big rally day today across the board, but particularly in technology stocks primarily fueled by AI euphoria. I honestly, can’t remember a time when the point move in the Nasdaq was almost on par with that of the Dow, up X and X respectively in what is more and more feeling like 1999. Japan however, is feeling more and more like 1989, closing at an all time high today surpassing its market peak of 12/12/1989, about a month after the fall of the Berlin wall when instead of trading stocks I was trading baseball cards. You read that right, it has taken the Nikkei 34 years to regain a new height following of the largest asset bubbles in the modern era. Do valuations matter? Yes, indeed they do.
Links mentioned in this episode: TheDCToday.com DividendCafe.com TheBahnsenGroup.com
Brian Szytel is the Deputy Managing Partner and Co-CIO of The Bahnsen Group.
View episodesGet new episodes of The Dividend Cafe automatically
