Conventional wisdom says this stock market is tame in comparison to the dotcom boom of the late 1990s.
After all, no one is using sock puppets to drum up support for profitless startups—or quitting their jobs to day-trade tech stocks.
And “because investor euphoria is non-existent, an imminent start of a long decline seems unlikely,” argued David Kostin, chief U.S. equity strategist at Goldman Sachs.
