Finance
Dizzying Valuations, IPO Craze Tick Boxes on Bubble Checklist
- Nasdaq 100 has doubled in two years; SPAC growth explodes
- There are areas of the market ‘clearly’ in a bubble: Cecchini
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The IPO market is manic. Stocks haven’t been this expensive since the dot-com era. The Nasdaq 100 has doubled in two years, leaving its valuation bloated -- all while volatility remains stubbornly high.
It’s a setup that’s left investors sitting on fat returns from 2020, a year that defied easy explanation. It’s also one that has a growing cohort of experts warning about a bubble.