Partying Like It’s 1999

Warren Buffet holds more cash and has less debt at the top of the cycle so he can invest at the bottom. You should too.

On August 11, 2016 the three major US stock indices – the Dow, S&P 500, and NASDAQ – all closed at all-time highs on the same day for the first time since December 31, 1999 – over 6,000 days earlier. In the 1980s all three indices simultaneously peaked on average six times per year and in the 1990s it happened on average nine times per year. But this is the first time we have experienced this phenomenon since we simultaneously feared massive Y2K tech problems and celebrated the coming new millennium. Seems like a long time ago.


Subscribe to Fox Week RSS