Quite the prescient page 1 article in WSJ today: Tech-Stock Surge Brings Back A Hint of the Late-1990s Frenzy.
The article was written before todays INTC news.
At the open, the market gapped up hard, only to give most of it back; The S&P went negative, by 10:30, the Dow gave most of its gains (its plus 12 as I type this). Nasdaq remains the strongest index.
Take at look at the chart from E.S. Browning’s article:
I’m reminded of a terrific quote from one of my favorite writers:
“Human beings, who are almost unique in having the ability to learn from the experience of others, are also remarkable for their apparent disinclination to do so.”