🚀 Meme coins surge, leveraged ETFs show US bubble reappearing?!

Since US presidential candidate Trump's victory, risky assets have skyrocketed, such as the Nasdaq Composite Index breaking 20,000 points, and Bitcoin once touching $108,000.

Wall Street asset experts warn that the current US speculative bubble resembles that of 1999. 📈

Revenge trading frenzy: Financial Insights columnist Peter Atwater describes the current market as witnessing "huge revenge trading," with investors behaving like defendants released without charge, boldly entering the market to buy in bulk.

This sentiment was unleashed after Trump returned to the White House, bringing tax cuts and deregulation that heated up asset markets, most notably in cryptocurrencies. 💡

Leveraged ETFs and meme coins: Atwater points out that many leveraged ETFs are popping up like mushrooms after rain, using leverage combined with stocks to increase risk and potential returns.

In addition, meme cryptocurrencies are emerging one after another, with the latest example being "fartcoin," which has reached a market capitalization of $564.84 million. 📊

Speculative bubble like 1999: Atwater believes that the current market situation resembles a "carnival party," similar to the eve of the Nasdaq reaching its peak in 2000.

He notes that when confidence is high, investors accept abstract concepts, while during market downturns, people focus on concrete and immediate things. 🔍