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MAR 09, 2013 - Business Insider

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The Stock Market Is Looking Like 2000 And 2007 All Over Again

"I have to get into this market; otherwise it's just dragging on me" (A portfolio manager quoted in the Wall Street Journal just prior to the March 2000 peak in the S&P 500.) "..as long as the music is playing, you've got to get up and dance.  We're still dancing." (Citigroup CEO Chuck Prince in July 2007)  You know how that turned out. It's that time again.  The Dow surpassed its all-time high and the S&P 500 is not that far from the tops of 1553 on March 24, 2000 and 1576 on October 9, 2007.  Just as in 2000 and 2007, the economic, valuation and political ... Read More

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