SPDR S&P 500 (SPY)

[Schneidku40]

I’m not saying you aren’t wrong about the charts, was just mentioning a difference in the companies between then and now. I think if we had 30 public companies looking to make electric cars right now, it would be similar (since back then there were like 20 search engine companies, 20 new online marketplace companies for this or that, 40 new software companies, etc.). I think we saw the last few weeks how Nikola was punished for not having the goods. That was a very swift kick in the pants for them, not drawn out over 2 years like I think it would have been back in 99-00. Right now the markets are moving based on several giant companies with really good revenues and earnings. Yes P/E ratios are high right now so I would not be surprised if they come down, either through more drop in market prices or by just a sideways move for several months to let earnings catch up. But there’s so, so much money out there. We have ATH in equities, ATH in bonds, and ATH in cash. That money has to go somewhere. And right now we have fewer public companies than we did back in 2000, to spread that wealth around to. I actually wouldn’t be surprised if outside US stocks outperform over the next 5 years or so. But, that only happens if US stocks go up too, because US stocks are the safest and most transparent companies. But we could see US stocks only go up 5% a year while foreign stocks go up 20%, per se.