History has a tendency to repeat. This means there is almost an analog that fits the current time.
To me, the current mania in the market seems a lot like March 2000. That was a time when we knew the end of the bull market was near but didn’t know when the end would come.
For now, the charts support that same idea. But although they are bullish, the economy isn’t. In fact, stimulus is sustaining the economy. This could go on for some time, but it’s important to remember that it can’t go on forever.
I have more details in today’s nine-minute webinar.
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Regards,
Michael Carr
Editor, Market Intel
