Nasdaq is showing the same and similar pattern to the 90's, i.e Nasdaq is doing a parabolic move versus Russell 2000, Dow Jones and S&P 500.
This is not surprising since Nasdaq represents Technology and Innovation.
We are on the brink of another Industrial Revolution.
Why charts like this is important? Because nobody talks about this kind of chart, they are obsess with only one particular chart and that's it.
What does this tells us? It tells us that Nasdaq may continue to outperform the rest of the market in the future, regardless of whether we will see recession and major corrections in global equities.
This also tells us where is the hot money flowing into, or where the capital is going through.
After 2000 Dot Com bubble, the whole Nasdaq composite did nothing for 20 years, barely give any return to investors who bought the peak.
In some sense, we are just getting back to break even level compared to the 2000 level.
Current valuation is nothing compared to 2000, which means that there is still a lot of room to run and for the market go grow.
After all, the world GDP has tripled since 2000 and Technology consumes more portion of GDP than ever.
But not all stocks or companies will perform, only the selected one.
On a side note, take note of Bitcoin/Crypto versus Nasdaq and that represents the money capital moving into the blockchain sector.
The most likely scenario is for Bitcoin/Crypto to outperform Nasdaq in the long run and for Nasdaq to outperform the rest of the market in the long run.
Long innovation.
This is not surprising since Nasdaq represents Technology and Innovation.
We are on the brink of another Industrial Revolution.
Why charts like this is important? Because nobody talks about this kind of chart, they are obsess with only one particular chart and that's it.
What does this tells us? It tells us that Nasdaq may continue to outperform the rest of the market in the future, regardless of whether we will see recession and major corrections in global equities.
This also tells us where is the hot money flowing into, or where the capital is going through.
After 2000 Dot Com bubble, the whole Nasdaq composite did nothing for 20 years, barely give any return to investors who bought the peak.
In some sense, we are just getting back to break even level compared to the 2000 level.
Current valuation is nothing compared to 2000, which means that there is still a lot of room to run and for the market go grow.
After all, the world GDP has tripled since 2000 and Technology consumes more portion of GDP than ever.
But not all stocks or companies will perform, only the selected one.
On a side note, take note of Bitcoin/Crypto versus Nasdaq and that represents the money capital moving into the blockchain sector.
The most likely scenario is for Bitcoin/Crypto to outperform Nasdaq in the long run and for Nasdaq to outperform the rest of the market in the long run.
Long innovation.
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