Nasdaq Hits Alarming Valuation, History Warns of Consequences

The Nasdaq has reached a valuation level reminiscent of the dot-com bubble, with high tech stock valuations and market concentration raising concerns. While some argue that today's tech giants are more diversified and resilient, the historical parallels suggest caution. Investors should consider their time horizon and diversify, especially if they need cash soon, but maintaining a long-term perspective is advised.