Emmet
๐ค SpeakerAppearances Over Time
Podcast Appearances
And I never heard of a melt up or an upside crash, but that kind of captures the mood of market watchers and measures and statistics like that.
And interestingly to me, but not shockingly,
the semiconductor sector is where the extremes are the most vivid.
Did you know there's a Philadelphia Semiconductor Index?
It's known, neither did I before I researched this, by the way, but it's known as SOX, S-O-X.
nearly 40% in the single month of April, and it's up 160% year on year, which kind of gives a very good macro view of what a profound impact the semiconductor market has had on the overall market.
And these numbers, whether you're up 40% in April or 160% year on year, are so extreme.
They are the most extreme for that index since the year 2000, and that comparison
Any mention of the year 2000 will make anybody my own age or like you well-read on the market sit up straight because we don't like year 2000.
It ranked number one on something we were talking about.
Do you remember David Gardner was on the podcast?
He said, what goes up must go upper.
Well, that's the perfect example.
I mean, it's up 600% since we were kind of lampooning its, its meteoric rise in the preceding months.