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Another Day, Another Record

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Another day, another record in the stock market. Records always make me think “bubble.” S&P 500 at 1,553.35, Dow at 13,916.19, Nasdaq at 2,704.22. [CNN Money]

Updated May 10, 2011 and originally published July 13, 2007. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

{ 3 comments… read them below or add one }

avatar Telemill

Glad I’m not the only one feeling this way. Maybe it’s because I’m gun shy having lived through the dot.com bust. I’m sort of standing real still with my eyes clinched tight, waiting for the . . . BOOM!

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avatar Toby

Bubble? Huh? Where’s the crazy valuations? Where’s the irrational exuberance? Did I miss something? Boy, you live through one bubble/bust cycle and you turn into chicken little.

Will there be a correction in the near future? Yes, I think so, the market lemmings are going to get scared and pull some profits, but the general direction is up, people.

Until I see investors getting exited about “zoopoo.com” (aka idiotic investments) again, I don’t think we’re treading in bubble territory.

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avatar Telemill

Hmmm, not a big boom . . . but if we look at the loses in the DOW the last few days (it’s July 31st today), I think some of our hesitations were warranted.

Maybe my “chicken little” meter is a little sensitive, but it’s accurate none-the-less.

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