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History Rhymes….Nasdaq Edition

This is a pretty interesting data point.  Jason Zweig at the WSJ notes:

“Nasdaq up so much in past year, it has “only” 18.8% more to rise in order to reach its all-time high…set more than 14 years ago”

Well, what else peaked 14 years ago and is near record highs?  The number of IPOs with negative earnings:

ipos

I’ll just let you chew on that.

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