Dot-Coms and Bonds Aren’t So Different after All

“In the late 1990s, stocks were the asset du jour. Every single year saw inflows and, at the time, it was the single biggest influx of investor cash into any asset class ever. That massive tsunami of investor dollars drove dot-coms to ridiculous valuations, setting the stage for the epic crash that followed. But guess what? It pales in comparison to the amount of cash that has poured into bond funds in the past few years. A stunning $1.15 trillion in investor money flowed into bond funds between 2009 and April 2013. Not one year showed an outflow from bonds. One could argue the bond bubble is at least 30 percent bigger than the late-1990s stock-market bubble.”

http://www.moneyandmarkets.com/do-you-remember-the-late-1990s-dot-com-bubble-52102

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