>>>NASDAQ brushed 5K today.
>>>It was almost a 15 year schlepp, but it finally recovered the dot com losses.
>>>Another tech bubble?
>>
>>IMO more due to money being cheap
>
>That's the whole idea of cheap money, isn't it?
>I read this weekend that some banks in Denmark are actually paying people to buy houses by charging a negative interest rate on mortgages and other banks there are charging people for putting money into bank accounts by paying negative interest.
>Turns everything upside down, doesn't it?
Yes and no. As with any other bubble, there's money itching to be invested, hoping to take piece of others' cake in shape of interest. As soon as anything shows signs of a promise, they swarm it like flies, pushing money as fast as it can be absorbed, hoping to get rich on that. Which probably works just fine for the hypesetters, but those who come in the next few waves risk more and earn less, eventually causing the bubble to burst. Sounds like a Ponzi scheme? Because it is.