John Rubino--2007-deja vu All Over Again 28.July.14

2014 is beginning to look a lot like 2007:

NASDAQ tech stocks are back to 1999 levels

The number of IPOs with no earnings back to 1999 levels

Junk bond yields are even lower than in 2007

Corporate debt rising faster than in 2007

Margin debt back to 2007 levels

Stock prices higher than 2007