Episode 126: A rise in the NASDAQ was not unexpected after the recent Greek drama pullback but I also question whether it’s sustainable. This is not a dotcom bubble because the players have real revenue and the vast majority have well established profits.
But the recent rise is largely due to a handful of large players, while the overall Russell 2000 index is struggling to maintain its 50 dma. This isn’t necessarily a bubble but don’t expect the valuations to keep expanding.
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