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From tech to bitcoin, long-time bull Ed Yardeni worries a meltdown will strike the market


Edward Yardeni is concerned the market will get smoked.The long-time bull, who spent decades running investment strategy for firms including Prudential and Deutsche Bank, is comparing Wall Street euphoria to the height of the dot-com bubble in 1999.”The Nasdaq from late 1998 to early 2000 went up over 200%. Now, we’re up almost 100%, and we may very well be on that same track,” the Yardeni Research president told CNBC’s “Trading Nation” on Friday. “Everything I’m looking at points to a melt-up.”The tech-heavy Nasdaq closed the week at a record high of 13,201.97. Yardeni is also highlighting bitcoin’s meteoric rise as an example …

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