Anyone who has been around Wall Street long enough cannot help but be concerned about the blowing of a new bubble. The S&P500 (NYSE:SPY) is hitting one new high after another; NASDAQ (NASDAQ:QQQ) is racing towards the elusive pre-dot.com crash mark; and a number of hot stocks are trading at astronomical PEs.
Anyone who has been around Wall Street long enough cannot help but be concerned about the blowing of a new bubble. The S&P500 (NYSE:SPY) is hitting one new high after another; NASDAQ (NASDAQ:QQQ) is racing towards the elusive pre-dot.com crash mark; and a number of hot stocks are trading at astronomical PEs.
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