Saturday, February 22, 2014

PowerShares QQQ Trust, Series 1 (ETF) (QQQ) news: Yes, The Nasdaq Bubble Is Definitely Here - Seeking Alpha

PowerShares QQQ Trust, Series 1 (ETF) (QQQ) news: Yes, The Nasdaq Bubble Is Definitely Here - Seeking Alpha



Here is an interesting article about why the Nasdaq is in a bubble similar to the year 2000.  It remains to be seen how this scenario will play out, but caution is certainly warranted for stocks currently.  The Dow and Russell 2000 already have bearish charts as another author, David Moenning, pointed out.  Of course, the Nasdaq could continue higher, but I am keeping my eyes open for an exit door.


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