Interesting comparison between the TMT bubble and today's market.
Back in 2000, stock prices ran way ahead of fundamentals — classic mania. This time? Earnings are actually keeping pace with or even outpacing stock appreciation. That's a healthier setup.
Doesn't mean we can't see corrections or volatility, especially if rates stay elevated or growth disappoints. But the foundation is fundamentally stronger than the late 90s dot-com frenzy.
Still, valuations matter. Some names are priced for perfection. Watch for any signs earnings momentum weakens — that's when the music stops.
Back in 2000, stock prices ran way ahead of fundamentals — classic mania. This time? Earnings are actually keeping pace with or even outpacing stock appreciation. That's a healthier setup.
Doesn't mean we can't see corrections or volatility, especially if rates stay elevated or growth disappoints. But the foundation is fundamentally stronger than the late 90s dot-com frenzy.
Still, valuations matter. Some names are priced for perfection. Watch for any signs earnings momentum weakens — that's when the music stops.
