Nasdaq – No Bubble Yet
Nasdaq has a nice steady climb higher, with price staying modestly above the 200 week moving average. No sign of the spike indicative of a bubble yet.
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You think the SPX doubles here in the next 3 years. I think that is a distinct possibility.
Governments have certainly printed enough money for markets to double.
Weekly Ciovacco video:
https://www.youtube.com/watch?v=sHk7P5HuGJo
Oil sector is just beginning to move out of an important low.
Kudos! The XBI chart now looks just like tne Nasdaq in 1998.