100% agree. I, too, remember that period vividly: Concept stocks with no revenues soared, daily IPOs with no revenues tripled on day 1. That’s not at all the case today.

The stocks leading this market are businesses performing extraordinary TODAY. Unlike the leaders then —these tech cash generating machines are delivering on the football field NOW leading to adjustments on the scoreboard. Back then, the scoreboard lit up before any plays were even
called on the field. These stratospheric stock moves we see now generally FOLLOW freshly reported RESULTS (like this AM: Meta) not solely wild speculation on future results ala 1999.

Money is attracted to Facebook, Microsoft, and Google based on extraordinary present economic operating FUNDAMENTALS. Sure, the rise in the stocks may be quite excessive. The sustainably of NVIDIA or Facebook results is what many of us surely question. Thats not 1999: There were no results to sustain lol. Except in the case of CISCO which HAD results but was so overpriced it literally discounted 25 years of the future. It’s price then, even, far exceeded present big tech valuations—I believe it was 100+ X earnings as a mega cap.

Theses mega tech stocks may certainly be overpriced. But they are moving on news they’re actually generating more cash each quarter than even the massive sums forecast by cheery analysts. That’s fundamentals. That’s anti-1999.