The tech heavy Nasdaq is flirting with a level not seen since the Dotcom Boom went bust.
Hard as it may be to believe, more than a decade has passed since the Nasdaq composite last traded at 4,000. However, in recent days the index has again been flirting with the somewhat lofty level.
The milestone has generated some concerns on Wall Street.
Skeptics can't help but wonder if technology stocks are about tumble again, as they did in late 2000 and 2001.
They argue the sharp premiums assigned to Netflix and Tesla are again signs of irrational exuberance just as investors became irrationally exuberant about eToys or Pets.com, two of the more high profile dotcom failures.
With the Nasdaq flirting with the lofty milestone, is it time to pack it in?