The stock market is at its most overhyped phase since the late 1990s tech bubble. Think back to how wrong the people were who claimed we were in an ‘everything bubble’ for the entirety of the record breaking expansion in the 2010s. Now that you see the SPACs and IPO pops this year, you realize we weren’t in a bubble from 2010 to 2019. Those years set the scene for this craze, but they weren’t crazy in themselves. Here are some stats to back that up.
Not sure if you saw this yet ⬇️ pic.twitter.com/KN6VtHnNpV
In 2020, 150 stocks with greater than $250 million market caps have risen over 200%. The most in any year from 2010 to 2019 was 42 in 2013. Furthermore, if you add up each year’s total in that period, you get 152. This year is a different animal. In the same manner, there have been 19 IPO this year where the stock doubled on the first day. The most from 2010 to 2019 was 6 each in 2013 and 2014. There were 25 in total in that 10 year period. As you can see from the