The Stock Market Is Doing Something Last Seen When the Dot-Com Bubble Popped, and It's Sending a Clear Signal Where to Invest Now

The stock market has been on an absolute tear over the past three years. Since bottoming in October of 2022, the S&P 500 (SNPINDEX: ^GSPC) is up 91%. The tech-heavy Nasdaq Composite (NASDAQINDEX: ^IXIC) has more than doubled in the same period.But there's growing concern that some of the biggest driving forces in the current bull market may be in a bubble. Just a handful of large companies have seen meaningful financial impact from the growth of artificial intelligence (AI), but practically all large-cap U.S. companies have seen their valuations climb. That has led economist Robert Shiller to provide a dour forecast for the S&P 500 over the next decade.They say history doesn't repeat itself, but it often rhymes. And if we are indeed in a bubble, there's one stock market indicator that provides a clear signal on where to invest now. It steered investors right amid the dot-com bubble's pop, and it could prove valuable again today.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool