xi5menqing3zong
@xi5menqing3zong
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From the chart, it looks very similar to the current situation. They all started to rise when interest rates rose, and then continued to rise when interest rate hikes and cuts were suspended. Finally, they reached the highest point when interest rates rose again, and the bubble burst when interest rates fell sharply.
In fact, during the Internet boom, there was no quantitative easing and balance sheet expansion. Instead, there were stop-and-go interest rate cuts and repeated inflation. The Internet craze at that time was considered to be an innovation in the market, just like the current AI industry. Of course, it was indeed an innovation, but this bubble ended with the Federal Reserve's interest rate hike in 2000 and the continued tightening of liquidity. Of course, an economic recession also occurred, and the Nasdaq index fell 78% within two years. 0 reply
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Yes, if we simply look at the price, it should be a bull market now, but if we expand our focus a little bit, the U.S. stock market is not just the Seven Sisters, and the cryptocurrency industry is not just #Bitcoin and a few assets that have broken new highs. Now it does not
meet the expectation of an overall rise in the bull market. Take Nike $NKE , which I often use as an example. It ranks right in the middle of the Fortune 500 companies, but Nike, which has reached a new high in the U.S. stock market, has not only not risen, but has continued to be at the bottom. Even McDonald's and Best Buy have not been smooth sailing. Even UnitedHealth Group, which ranks at the top of the Fortune 500, has not risen as well. 0 reply
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