Prof G Markets · Friday, July 31, 2026
Short seller Jim Chanos compares the current market to the dot-com bubble, stating that the market is very expensive and comparable to 1999-2000 levels. He expresses concern over the unprecedented capital expenditure boom, particularly in AI, likening it to past build-outs that ended poorly.
“The market is very, very expensive.”
“It's certainly quite expensive. As expensive as pretty much it's ever been. Right up there with the with the 1999, 2000 dot-com bubble you referenced.”
“But, look, I mean, it's been expensive for a number of years.”