Oct. 06, 2025 3:07 AM ETS&P 500 Index (SP500)XLV, XLK, XLU, NVDA, MSFT, AAPL, WDC, MU, META, GOOG, XLC, XLY, AMZN, TSLA, BTC-USD, META:CA, MSFT:CA, GOOGL, MU:CA, GOOG:CA, NVDA:CA, TSLA:CA, AMZN:CA, AAPL:CA, SP500Damir Tokic12.31K FollowersSummaryThe S&P 500 valuation is approaching the 2000 dot-com bubble level, and even Jeff Bezos joins the bubble warnings.There are no imminent bubble burst catalysts, but the top might be near as the AI mania broadens to cyclical storage and memory stocks.Investors should not chase the bubble.metamorworks/iStock via Getty ImagesNew Record HighsThe S&P 500 (SP500) closed at the new all-time high last week on October 3rd at 6715.79. Thus, the bubble continues to inflate after a minor technical dip to the 20dma the previous week.The dip wasThis article was written byDamir Tokic12.31K FollowersCommodity Trading Adviser (CTA), member of National Futures Association. Professor of Finance, research on Global-macro issues. Editor-in-Chief, Journal of Corporate Accounting and Finance.Analyst’s Disclosure:I/we have a beneficial short position in the shares of SPX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.CommentsRecommended For You