Especially after a day like today, where the dow roared 232 points. The s p surged. 61 and the nasdaq ended at an alltime high. I think stocks are going higher not because of politics, but because earnings are much better than expected and the alternatives, bonds, gold, real estate seem very expensive to me. Still after this extraordinary twoday move, i want to tackle head on the notion that the nasdaq is overheated. Because the index blasted through the 6,000 level. And whenever we blast through new numbers, it causes instant soul searching. When we took out the 5,000 level, before unceremoniously diving thousands of points and wiping out a whole generation of investors. Could that happen again . Im not going to dodge this conversation, but i will say that you look at the two sets of stock, the nasdaq of 2000, versus the nasdaq 2017. The stocks that took us to 5,000 turned out to be incredibly expensive on an earnings basis, or just plain worthless. The best way to compare stocks on a