This chart has one longtime investor harkening back to the 'temporary insanity' of the dot-com bubble
During the peak of the dot-com bubble, legendary investor John Templeton cashed in on what was described at the time as a “once-in-a-lifetime opportunity,” by shorting several top-heavy tech names he believed destined for a beatdown.
Longtime Jesse Felder of the popular Felder Report says if Templeton were alive today, he might recognize another once-in-a-lifetime opportunity. As you can see, Zoom ZM, -3.18% is currently trading at three times the “insane” level, while Beyond Meat BYND, -5.51% is more than double.
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