CNBC’s Insana: History Won’t Repeat Itself, This Isn’t a Bubble

Ron Insana says unlike the tech bubble, there’s no ‘public participation’ in today’s stock market rally

INSANA: "No, it's exactly the opposite. People were -- in 1999 people would come up to any of us who were on air in CNBC and asked for tips on Internet stocks. TheGlobe.com came public, went up 600 percent on its first day. Egghead.com, which was a software retailer, switched from bricks and mortar to an online firm, ultimately disappeared. A Wall Street Journal reporter had told me years ago that his grandmother bought it because she liked the name and actually made money on it. There's no public participation. That's really the hallmark of a bubble. That's notably absent today."

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