Mark Cuban, an entrepreneur who boasts a net worth of $4.2billion as well as owner of the Dallas Mavericks have stated that ‘the stock market’s recent technology-driven run-up from coronavirus lows has many of the hallmarks of the bubble that rocked markets in the late 1990s and early 2000s’. The only difference between then and now is that this time, the Fed Reserve are amplifying liquidity in the economy which has helped to support risk appetite on Wall Street.
Food for thought, eh?
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