[sgbuffett]

I took chart of a classic "bubble" stock during that era.

There is a long list of such stocks Zoom, ARIK, Paleton,  Teledoc, Snowflake, Digital Turbine,  Planet 13 etc. The Nasdaq fell 38% these stocks fell 80-95%.

As with the last dot.com bubble most of these companies will go bankrupt get delisted and just fade to a very small size.

The mother of all the speculative stocks is tesla due to undying faith of some investors it fell only 70% from the peak.
But the day of reckoning comes closer. It is not uncommon for Tesla to just drop 6% when other stocks go up like yesterday.

Nasdaq is now interesting but still expensive for my liking. 

It was clearly a bubble...when the US recession comes we look for bargains but not in stocks like tesla, nio etc ....there are easier pitches for us to hit the home run.