By Marc Lichtenfeld “Two thousand zero zero, party overOops, out of timeSo tonight I’m gonna party like it’s 1999.”
– Prince
I recently remarked to a colleague that this market feels like 1999’s to me.
Back then, tech stocks could do no wrong. They went up seemingly every day. Everybody talked about the market.
Doctors and lawyers were more interested in stocks than in their practices, some even quitting to become day traders.
Last week, I spoke with someone whose son decided not to go to medical school this fall because he was making so much money trading stocks – mostly Tesla (Nasdaq: TSLA).
Robinhood, the trading startup popular …read more
