Taps Coogan – March 26th, 2021
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Add the following chart, from Leuthold Group via Jesse Felder, to the list of signs that this time really is different, though not in a good way.
As the number of money losing companies surges to the Dot-Com peak levels, their market cap is roughly triple that of the Dot-Com bubble.
Let’s all hope that the 60 basis point rise in high yield rates over the last month is just a fluke, not the start of a trend. Otherwise, the bubble in losing money is going to take on a whole new meaning.
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