Daily Charts - Lessons from the past
1.Lessons from the past...
While the internet would go on to become ubiquitous and a source of tremendous wealth and innovation -- at the height of the dot com bubble it was pure Hype at that stage... certainly relative to the valuations prevailing at that time
$Cisco(CSCO)$ $Oracle(ORCL)$ $Qualcomm(QCOM)$ $S&P 500(.SPX)$
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PS: buying expensive growth stocks is like eating candy
buying cheap bonds is like eating broccoli
(buying cheap commodities is like taking creatine)
2.European Equities are powering up to new highs in nominal terms, but in real CPI adjusted terms or relative to US equities...
...much earlier in the process!
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