SPDR S&P 500 (SPY): Agree on who knows whether it’s top or n...

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Re: Nebuchadnezzar post# 346351

Saturday, 09/11/2021 2:51:10 PM

Saturday, September 11, 2021 2:51:10 PM

Agree on who knows whether it’s top or not, but without doubt this will go down as the most overpriced market in history. Forget all the zombie companies that went stupid last year into February 2021, was just OTC and small cap mania. But the style of blow off moves we are seeing on companies like Upst, Asan, mrna, Amd, etc. these are not normal moves. The dot com bubble was at least primarily localized to a massively overvalued sector, but now? What isn’t ridiculous. I mean paying 46x earnings for Nike? Lol

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