Business Insider: “The 100-day rally in tech stocks is more similar to the 2009 recovery than it is to the 1999 bubble, DataTrek says”By admin_45 in IN THE NEWS
Excerpt from Business Insider quoting DataTrek's Nick Colas:
... "The more than 50% rally in technology stocks over the past 100 trading days ends one of two ways: higher like the 2009 recovery, or lower like the 1999 dot-com bubble.
That's according to DataTrek, who said on Wednesday that tech stocks' historic 100-day rally will likely follow the footsteps of the 2009 recovery and continue to move higher.
"At the end of the day, 2020 is an early cycle year (more like 2009) rather than a late cycle one (like 2000)," DataTrek said"...
Read the full article here on Business Insider!