Is Wall Street the New Sesame Street? Ironically, our 2-year old’s Sesame Street birthday cake decoration perfectly illustrates the current market condition. Elmo is NASDAQ. He has the higher position on the seesaw. Yet look at his face. He’s worried. Abby with the lower position on the seesaw, represents the Economic Modern Family. She looks up to see if the coast is clear. The NASDAQ 100 telegraphs the crowded longs in Amazon, Facebook and Netflix.
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