Key insights
- The article draws a historical parallel between the 1999 NBA Finals (Spurs vs. Knicks) and the current market, suggesting a potential tech bubble peak around March next year, mirroring the dot-com crash. This analogy, while lighthearted, serves as a cautionary tale about market euphoria and the cyclical nature of bubbles. The author implies a bearish outlook for tech stocks if the historical pattern holds.
As a Knicks fan this comparison hurts me but if we look at the last time the Knicks and Spurs were in the finals we were in a very similar tech fueled euphoria in the market…aka the dot com bubble.
On June 25th 1999 the Spurs…gah…beat the Knicks to win the NBA title. About 9 months later the market saw the peak of the dot com valuations. March 10th 2000 was the top and the sell off snowballed after that.
Tim Duncan who was the key piece that helped the Spurs win was 22 the year they made the championship…who else is 22? That’s right…Victor Wembanyama. Cue eerie music.
This post is partly for fun but also to serve as a reminder that bubbles are real…bubbles repeat…but they last a lot longer than people who call for bubbles to burst…well…to burst.
And if the Knicks win? Go long infrastructure stocks cause they’re gonna tear NYC down in celebration!