Apr
26
In Dot-Com Bubble Time, It’s Still Only 1997 for U.S. Equities
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Tech giants such as Apple and Google dominating gains again
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Their valuations still far from extremes seen at 2000 peak
Terrified that rallies in Facebook Inc., Amazon.com Inc. and Google portend a millennial catastrophe along the lines of the dot-com bust? Relax. Going by one doomsday clock, it’s only 1997 in bubble years.
So says Leuthold Group LLC in a study that plots today’s valuations against the salad days of Internet mania. Based on its model, which measures the S&P 500 Index by six factors including earnings, dividends and cash flow, the Minneapolis-based firm found stocks currently trade at the multiple they first reached 20 years ago…
In Dot-Com Bubble Time, It’s Still Only 1997 for U.S. Equities
