Thursday, June 18, 2015
COMPQ Nasdaq Composite One-Minute Chart New All-Time Record High Overtaking the Dotcom Bubble High
It took 15 years, but the Nasdaq Composite finally overcomes the Dotcom Bubble all-time high on 3/10/00 at 5132.52 today at 11:30 AM EST. Traders are euphoric in a party mood buying stocks regardless of price. Fed Chair Yellen's dovishness and the ongoing money printing by the Federal Reserve and other global central bankers pumps stocks to the new all-time highs. The wealthy, that own large stock portfolios have become filthy rich courtesy of the Fed over the last six years while the middle class and poor suffer through high structural unemployment and ongoing debt. America is a country of the 'have's' and 'have not's' with the gap between rich and poor at the largest difference since the 1970's five decades ago. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.