CELENTE: Prepare for our Dot.com Bust 2.0

Stocks turned in a lackluster performance last week that even Micron’s stellar earnings report could not energize

BY GERALD CELENTE

As we keep noting, and now it is finally being recognized by the “experts” of the mainstream media world, prepare for our Dot.com Bust 2.0, which even they admit may well be on the near horizon.

So far this year, U.S. stock prices have elbowed their way past high interest rates, war-related supply chain disruptions, and the highest oil prices in years.

Despite the geopolitical and socioeconomic dangers and damage resulting from the illegal Iran War launched by Donald Trump and Benjamin Netanyahu on 28 February that has spiked inflation and dragged economies into recession… since the start of the year, the NASDAQ has spiked some 11 percent, while the Dow and S&P are up more than 8 percent.

MARANDI ON DEVELOPMENTS WITH IRAN

But that happy energy that we had warned was being artificially propped up with the AI “race to the top” riot, analysts are now sending out the warning signals.

Stocks turned in a lackluster performance last week that even Micron’s stellar earnings report could not energize. For the first time since April 2024, both the NASDAQ and the Standard & Poor’s 500 index fell every trading day last week, losing 4.6 percent and 2.05 percent, respectively, over the five days.

“The declines left even bullish investors seeing pressures that threaten the record run,” The Wall Street Journal reported. “Those include skepticism that artificial intelligence companies will deliver profits that justify the billions of dollars being spent. They also include the prospect that borrowing costs will remain higher than many assumed.”

“I just don’t think it’s a time that, as an investor, you should be swinging for the fences,” Jim Baird, Plante Moran Financial Advisors’ chief investment officer, counseled in a WSJ interview.