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What Bubble? NASDAQ Rises Above 4,000, Back To Year 2000, Dot-Com Bubble Levels

Tyler Durden's picture





 

Nope, no bubble here... and no complacency either. And while just like last time, the tech companies still have no profits, at least this time they have revenues... most of which originate from the seemingly infinite advertising budgets at struggling discretionary retailers. By way of gentle reminder - In 2000, total US debt was $5.7 trillion. Now it is three times greater, or $17.2 trillion. As Kyle Bass once warned, "we are right back there! The brevity of financial memory is about two years."

 

 


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Mon, 11/25/2013 - 10:44 | Link to Comment firstdivision
firstdivision's picture

Ever have a dream that seemed so surreal that you thought it was real?

Mon, 11/25/2013 - 11:05 | Link to Comment Headbanger
Headbanger's picture

There is no bubble because everybody says there's one so it can't be true.

So I guess the same is true for the next major storm or tsunami and any other disaster not being true if everybody says it is!

 

And hey,  what's that funny collor there on the screen.... Begins with an "r" ...

Mon, 11/25/2013 - 11:38 | Link to Comment Obchelli
Obchelli's picture

Yes but everyone also says there is no bubble (because everyone says there is bubble?...) So which is true?

http://finance.yahoo.com/blogs/breakout/why-the-nasdaq-is-nowhere-near-a...

Mon, 11/25/2013 - 12:01 | Link to Comment Doubleth1nker
Doubleth1nker's picture

If you're at the beach and you see an oncoming tsunami, and everyone around you agrees that its an oncoming tsunami, it absolutely positively means that there is no oncoming tsunami.  Its not there.  Just ignore it and keep buying ES on your smartphone.  Everything is great.  Besides if you and everyone else gets wiped out because of this ridiculous line of thinking, you will be improving the quality of the human gene pool.  You see?  Everything is great.

Mon, 11/25/2013 - 10:53 | Link to Comment Skateboarder
Skateboarder's picture

Some of us thought it would be restructured when crAAPL was hitting 700. So much for that, but so much for this too heh.

Mon, 11/25/2013 - 11:35 | Link to Comment Obchelli
Obchelli's picture

Ironically market ticker just runs article

Breakout

Nasdaq Tops 4,000: Why It's Nowhere Near a Bubble

http://finance.yahoo.com/blogs/breakout/why-the-nasdaq-is-nowhere-near-a...

Mon, 11/25/2013 - 10:45 | Link to Comment DaddyO
DaddyO's picture

When is the Crash?

for the win, Alex...

DaddyO

Mon, 11/25/2013 - 10:45 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

"As Kyle Bass once warned, "we are right back there! The brevity of financial memory is about two years."

You can't remember what you're paid to forget.

Mon, 11/25/2013 - 11:19 | Link to Comment max2205
max2205's picture

Right...buying and holding since 2001 would have killed most 'investors'

Mon, 11/25/2013 - 10:45 | Link to Comment Hondo
Hondo's picture

What are NASDAQ's composite real revenues then/now...has anything really changed except "real" debt levels........

Mon, 11/25/2013 - 10:58 | Link to Comment Stoploss
Stoploss's picture

http://research.stlouisfed.org/fred2/series/GFDEGDQ188S

 

Everything follows the bouncing ball.  (a superball) 

Somebody forgot to tell those kids not supposed to play with the superball... What goes up, will come down.

Mon, 11/25/2013 - 10:46 | Link to Comment q99x2
q99x2's picture

Obama is having the NSA force all the tech companies out of the United States of America. Forward looking, they will have to do better once they leave. 

Mon, 11/25/2013 - 10:54 | Link to Comment Everybodys All ...
Everybodys All American's picture

The Manchurian candidate is so busy destroying the country and no one rational can question it at this point. The fact is you can't be on the wrong side of issues and the economy so often without this being the plan.

Mon, 11/25/2013 - 11:09 | Link to Comment SmallerGovNow2
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Obama - THE Architect of Destruction.

Mon, 11/25/2013 - 10:53 | Link to Comment SheepDog-One
SheepDog-One's picture

We're riding the shitwaves of a sea of completely irrational exuberance. Hope everyones got a good life jacket.

Mon, 11/25/2013 - 10:53 | Link to Comment Trimmed Hedge
Trimmed Hedge's picture

I bought Nasdaq 5,000

When do I break even again?

Mon, 11/25/2013 - 11:06 | Link to Comment SmallerGovNow2
SmallerGovNow2's picture

Same time you break even on your $1900 gold...

Mon, 11/25/2013 - 11:02 | Link to Comment FuzzyDunlop21
FuzzyDunlop21's picture

Is okay guys its just pricing in future earnings of those pillers of industry known as FB and TWTR

Mon, 11/25/2013 - 11:04 | Link to Comment Skateboarder
Skateboarder's picture

The modern IPO model: the more negative the net income, the higher the market cap.

Mon, 11/25/2013 - 11:15 | Link to Comment Max Damage
Max Damage's picture

Bens new suit

 

How do you get pictures to work. Used html scource and appears in the comment until posting when it disappears?

 

 

Mon, 11/25/2013 - 11:34 | Link to Comment Race Car Driver
Race Car Driver's picture

You have to be a somebody - and you can only post pictures of your dinner (on the table, not post) that you grew singlehandedly, in the frozen tundra ... with no fertilizer.

 

Mon, 11/25/2013 - 20:20 | Link to Comment mvsjcl
mvsjcl's picture

That's kinda funny. No disrespect, HH.

Mon, 11/25/2013 - 11:09 | Link to Comment CheapBastard
CheapBastard's picture
Companies Prepare to Pass More Health Costs to Workers

 

http://finance.yahoo.com/news/companies-prepare-pass-more-health-0236003...

 

Bullish! Should be good for 1-2% pop in the markets.

Mon, 11/25/2013 - 11:16 | Link to Comment The worst trader
The worst trader's picture

When does POMO begin today? I need more money!

Mon, 11/25/2013 - 11:28 | Link to Comment SmallerGovNow2
SmallerGovNow2's picture

Just flash that rack in a crowded bar and the tips should start flying in...

Mon, 11/25/2013 - 11:18 | Link to Comment cassotto
cassotto's picture

mission accomplished? we have another 1000 points go!

Mon, 11/25/2013 - 11:27 | Link to Comment Nue
Nue's picture

I've been asked how will we known when this thing starts to pop? My answer is when Paul Krugman says the stock market is in a bubble then you'll know the bubble has popped.

Mon, 11/25/2013 - 11:40 | Link to Comment yogibear
yogibear's picture

Just keep touting stocks are cheap until the market realizes they aren't.

Mon, 11/25/2013 - 11:51 | Link to Comment El Tuco
El Tuco's picture

Someone once said "Market forces and history will punish interventionists with economic theories and models disconnected from reality and the laws of mathematics."

Mon, 11/25/2013 - 11:57 | Link to Comment cocoablini
cocoablini's picture

The FED has gotten good at hiding and mopping up liquidity. The banks or State Street bank are the largest shareholders. Any sales will be bought and hidden there. In 2008 the biggest crash was caused by zero asks. Now we have an ask for everything thanks to FED. Plus the HFT bots can create fake price discovery faster than the sells. So we have a totally fake asset market because the banks need to pretend they have reserves and asset collateral. They are even allowed to make and asset up from thin air to add it to reserves and then leverage it up and play the ponies. Anyone predicting a crash is an idiot- the FED has total control thanks to a total lack of ethics and supercomputers. Unless you see a change in free market attitude just BTFD- the stock "market" died in 2011.

Mon, 11/25/2013 - 12:07 | Link to Comment world_debt_slave
world_debt_slave's picture

2000 was a tech run up, now it is a Fed Res pump up!

Mon, 11/25/2013 - 17:22 | Link to Comment Papasmurf
Papasmurf's picture

2000 was the Greenspan YTK money printing.  Now is pretty much the same thing.

Mon, 11/25/2013 - 13:28 | Link to Comment pitz
pitz's picture

Significant numbers of firms in the sector have only achieved 'earnings' through racketeering and other illegal things such as H-1B visa abuse.  A very shaky sector indeed.  What's Google worth if they had to exclusively use domestic talent (=$$$), and had to pay full taxes?  Probably a fraction of its current market cap.

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