Stock Market a Better Bubble?
Stock-Markets / Stock Markets 2012 May 29, 2012 - 02:00 PM GMTBy: EWI
Like an elaborate musical score that repeats key notes from an earlier motif, the final stage of the long topping process is hitting many of the same chords played near the end of the Grand Super cycle bull market in January 2000. Last month, we mentioned the capitulation of long-term bears and the establishment of a stock market in Cambodia. This month, a major financial weekly called for many stodgy Dow stocks to be replaced by high flying technology stocks. This call takes us directly back to December 1999, when Fortune magazine lobbied to replace the Dow with an index composed entirely of Internet companies, and the business editor of the Washington Post railed at the under-performing Dow for making him too bearish: "If you find that you're too anxious, just take a look at what the Dow really is. It's 30 stocks of huge old-timely companies'"
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