Boom vs. Bubble: Dot-Com Lessons for Today's Tech Market
Introduction “This time is different” is one of the most dangerous phrases in financial markets. It surfaces every time tech stocks surge, just as it did during the dot-com era of the late 1990s and the current AI boom. However, not all rallies are created equal. A Boom and a Bubble may look similar on the surface, but their underlying structures are fundamentally different. This article clarifies the distinction between these two concepts using the dot-com era as a case study and evaluates the current state of the tech stock market. ...