U.S. stocks ‘Melt Up’ Looks Like The Final Leg Of Run Up That Happened Before The Dot-Com Crash
It seems like no matter the negative headlines including the disruptive and destructive corona virus epidemic stocks continue pushing higher.
Inspite of the Wuhan virus outbreak that threatens to disrupt global supply chain and businesses in an unprecedented scale , the benchmark the Wall Street Index has not only regained its losses from its previous highs two weeks ago but have scaled new highs
The markets are ignoring the negative news but choose to place their faith in central bankers and its easy-money policies – like interest rate cuts and liquidity injections from the most powerful central banks in the world – only throwing rocket fuel on the Melt Up in U.S. stocks.
The writing is on the wall, we might be reaching the late innings of this historic bull market, but the gains are accelerating. This is really looking like what happened in the late 1990s during the run-up to the dot-com peak.
Of course, a brutal bust followed the dot-com bubble... And the Fed is up to some of the same tricks again today. But most important, smart investors who followed the market higher – and got out at a good time – made a killing.
That's exactly what can happen again this time...
For the smart investors , make the money and retire, it could be the final shot, the Melt Up is about to hit a dramatic turn.
All posts and charts are for educational and illustration purposes only
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