Why 2014 Looked Nothing Like the Tech Bubble: Chart of the Day
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With the Nasdaq Composite Index approaching the seventh year of a bull market and 7 percent from a level that preceded the 2000 crash, it’s tempting to draw parallels to the dot-com bubble. Maybe it shouldn’t be.
Stocks tracked by the gauge are up 81 percent since 2011 after rising 13 percent last year, pushing valuations to about 42 times earnings. By contrast, they rose 86 percent over 12 months in 1999 and traded at about twice the profit ratio.