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Bob Bright, founder of Bright Trading, recently joined Joel Elconin on the first episode of PreMarket Prep’s Last Half Hour Of Power show.
Bright discusses how today’s market compares to the dot-com bubble of the late 1990s, his outlook for stock prices over the next decade and how successful traders must identify and utilize their personal trading edge.
Dot-Com 2.0? Bright said today’s stock valuations are similar to the late 1990s, but the global environment is totally different.
“A lot of the old timers think the PE is way too high, that the market is overdone. But you’ve got to look at the overall global markets,” Bright said.