Please remember that the build up to 1999 was a whole bunch of investment into companies that had nothing behind them! They were "eyeball counts" and "page views" and a whole bunch of crap metrics that meant nothing! That was the whole "dot bomb" era.
Now... we repeated this in a round about way when anyone and everyone could buy a house with nothing down - and zero payments and zero job or income to support it. That was a house of cards that had to implode on itself.
Today you need real income and a down payment to buy a house -- and the whole 1 year no interested etc is all but gone.
Ditto the companies you SHOULD be investing in. They should have real brands with real sales and real profits and paying dividends supported by all of that. If you choose to play the "maybe some day they might grow into a real company" that's a whole other scenario. When I "invest" in companies that maybe one day might be something ---- I might buy a couple hundred shares of that -- versus 1000's of shares of the real stuff. So if you buy 100 shares of Ford - or Coke - or McDonalds -- maybe you'd buy 10 shares of GoPro or Alibaba.... Just saying.
The only thing I'd be really wary of right now is INTEREST RATE SENSITIVE STOCKS.... Stuff that might find themselves in an interest rate squeeze with a bunch of low yielding rate investments in a rising rate environment. Banks might actually do well in this scenario because they're spreads might increase but they won't if the consumer says NO to the higher mortgage rates. Remember that in order to make money with higher rates -- you have to be able to lend that money out! So we'll see how the public reacts to that when and if it happens.
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