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  • Writer's pictureJohn Pickart

Dot-com Echos?

Another big day for tech stocks with the NASDAQ 100 up 2.9%. There have been some comparisons with the dot-com period. The top panel of the chart is the NASDAQ 100 on a log scale.

The middle panel is the Bloomberg Fear-Greed technical indicator for the index. It's an oscillator that attempts to measure the ratio of buying vs. selling strength. Note the recent highs and lows were beyond the levels of the dot-com era.

The lower panel is the CBOE Equity Put/Call Ratio. Although the ratio spiked near the March selloff, it is now below 0.50, a level rarely seen since the dot-com period.

More to marinate on.

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