Nasdaq touches record highs valuation based on our Index Valuation Rainbow which measure index valuation based on Net Liquidity. The similar record high moment that is happened on:
- Nov 2007 before 2008 market crash that bottomed out in Mar 2009
- Feb 2020 before 2020 pandemic turmoil that bottomed out in Mar 2020
- Dec 2021 before 2022 market crash that bottomed out in Oct 2022
Nasdaq may not be able to reach the previous high on Nov 2021 because of current liquidity is lower than previous liquidity due to Fed tightening. So the market correction or crash will likely to happen.
- Nov 2007 before 2008 market crash that bottomed out in Mar 2009
- Feb 2020 before 2020 pandemic turmoil that bottomed out in Mar 2020
- Dec 2021 before 2022 market crash that bottomed out in Oct 2022
Nasdaq may not be able to reach the previous high on Nov 2021 because of current liquidity is lower than previous liquidity due to Fed tightening. So the market correction or crash will likely to happen.