Do You Remember Y2K?

Do you remember all of the hysteria around Y2K? People were stuffing cash in their mattresses and were convinced that banks would fail and planes would fall out of the sky. Today, Paul brings in a MarketWatch article called, “Stock market resembles the Y2K surge — and that didn’t end well” and talks with Ira about the similarities and differences between the market then and the market now. Later in the episode, the advisors get into a discussion about why it feels safe for investors and fund managers to invest in the largest companies then explains why this is such a risky practice.

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