Billionaire Mark Cuban told CNBC on Monday the stock market’s rally from its late March coronavirus-driven low reminds him of the 1990s dot-com bubble.
“In some respects it’s different because of the Fed and the liquidity they’ve introduced and the inflation for financial assets that comes with that. But on a bigger picture, it’s so similar,” Cuban said on “Squawk Box.”
Cuban, who made billions of dollars during the dot-com boom, pointed to the newfound interest in the stock market from people who weren’t interested before, such as his teenage niece.
“I had my 18-year niece asking me what stocks she should invest in because her friends are making 30% per day and other people just…