There is no difference. Good traders made money then and good traders will make money now. Both on the way up and the way down. No need to get emotional about it.
"Stock price movement wise on the way up"... yes, hard to find a difference. But was that the question originally asked? IOW... when the balloon is being inflated with hot air, does it matter from where it comes? Likely not. What about when the inflation "runs out of gas"??
I thought I'd ask again to give someone the chance to answer correctly. The answer I got - that people in 1999 who went long were stupid but today the stock market will go up forever - really makes me want to weep for you..
Lehman failed @ 640b. Nothing happened. AIG no fail. Holder already said banks are too big to prosecute. The rules are written to bail out the nxt Lehman event. Without a bank failure, what's to crash? Anyone going to make a margin call on the Fed? What do you see that will result in bursting this bubble?
Universal bullishness (like yours) combined with low volume at new all time highs in a secular bear market. The very phrase "what's to crash" sums it up perfectly.
In fact universal bullishness all by itself causes crashes, e.g. 1929, 1987, 2000. Nothing actually happened to trigger these collapses.
Very good comparison, but who dare fight the fed? Bear are all killed by fed, Let's party with this Feb up, pump market forever.
The interest rate environment is quite different between now and 1999. Back then it was mom and pops, corporations, and wall street were the big players in the game. Today the big players are corporations, wall street, and government entities. So it's not really a fair comparison I guess.