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I was talking with my son tonight, who has been largely out of the market but has massive FOMO. Recently he’s been dabbling with day trading/1-month options on the NASDAQ (only with money he can afford to lose). I hear all the classics:

“It’s different than the .com bubble”
“The P/Es are justified by increased earnings” (that one doesn’t make sense)
“Things have fundamentally changed”
“We already had our crash”

Some lessons must be learned with scars…