I was in market back then, but didn't invest directly in dot coms ... I was computer scientist and couldn't see investing in a simple web page. I was looking at a new company that seemed to have a head on their sholders, reinesting capital and more then doubling y/y. I didn't invest in that as dot come hit and I still lost 75% in my growth mutual funds. That. Amazon would have been a great investment!!!
I asked friends why they were investing in dot coms ... "cuz they keep going up" was answer and even tried to fund me into developing a dot com. To me, dotcom was another junkbond was another crypto. Many Dotcoms were nothing more then a web page with advertising links and then do an IPO on that -- crazy stuff! But it was a hot trend/fad and like all fads due to fade ... but there were a few that actually had something behind them ... Google, Amazon, eBay, priceline ... but hey were exception.in the class. Now. There may be some money pit companies today but nothing like most of the dotcoms were.
What I find is odd, it with the lockdown and shutdown economies (I'm in honolulu and saw waikiki as a ghost town!) The market blossomed during pos lockdown ecconomy but with the recovery it stalled... makes no sence! Plus institutional are buyers here ... Buffet going all in but were still stalled out. Not what I expected. I was out of market during most of covid and missed out as constant belief of crash but jumped in on recovery and, well, was basically a bust for me so far.
Anyway, I see the 70s as more of what is happening today. Politicians not doing what is needed -- knows nothings yet not listening to thoes that do. Today, its the supply issues they don't want to fix ... supply chain, border, ecconomy.... Even oil is simular ... they don't want to pump = price hikes and gas lines (not seeing lines yet but demand outstrips supply so will.) High inflation like today. Radicals were hipies then (or maybe we're just dealing with older hippies now?).. Commune poped up like todays homeless villages... etc .... If history repeats i think we're in the 70s ... certainly lots of similarities.
Well, I believe we'll see a little pop in QQQ/TQQQ tomorrow but only because Monday is over lol. GLTY!
News 
Market Data 
Discover 
