๐จ THIS CHART SHOULD SCARE EVERY INVESTOR.
SPX/M2 just moved above the peak of the Dot-com bubble for the first time ever.
Back then, internet stocks convinced investors that valuations no longer mattered.
Today, AI stocks are driving the exact same type of market concentration and euphoria.
The last time this happened, the Nasdaq crashed nearly -75%.
If you think it is different this time, you are wrong.