POPA ReconMichaelbury, worse than 1999
Michaelbury, worse than 1999 Burie, who predicted the collapse in 2008, analyzed today's Nasdaq as a more dangerous bubble than the dot-com era. The current S&P concentration is just ugly, with the top 10 stocks now accounting for a record 41.2% of the S&P 500, he said, adding that it is the most unbalanced U.S. market in 150 years. 1. MELT-UP — Momentum engulfs last FOMO buyers. Top turns more extreme, plunges worse. ▶ Target: -75%, Dotcom Style 2. LIQUIDITY SHOCK — Interest rate surprise, geopolitical event, something breaks. Markets revalue in hours. ▶ Target: -40% within a single qua…
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