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26-11-2013, 09:56 AM
I share the view. Didn't it sound familiar with the statement below with fellow value investors?
"Is this time different? Out in Silicon Valley, many insist it is."
1999 redux? Fears surface over tech-sector bubble
SAN FRANCISCO — It sounds like heresy in Silicon Valley. But here goes: Is this another tech bubble?
The Wall Street money is starting to worry that it feels like 1999 all over again. Money-losing technology companies are going public at you’ve-got-to-be-joking prices. The founders of Snapchat are getting multi-billion-dollar offers — and turning them down. And the NASDAQ composite index, a visible symbol of the ’90s dot-com boom and bust, is a sneeze away from 4,000, a level it last reached just before, well, you know.
Is this time different? Out in Silicon Valley, many insist it is. But for the average investor, there are reasons for caution. Since the dark days of 2008, the NASDAQ has risen more than 150 per cent, twice as much as the old-school Dow industrials. Money has been pouring into social media stocks. As of Friday, Twitter had risen nearly 60 per cent since it went public only a few weeks earlier.
...
http://www.todayonline.com/tech/1999-red...tor-bubble
"Is this time different? Out in Silicon Valley, many insist it is."
1999 redux? Fears surface over tech-sector bubble
SAN FRANCISCO — It sounds like heresy in Silicon Valley. But here goes: Is this another tech bubble?
The Wall Street money is starting to worry that it feels like 1999 all over again. Money-losing technology companies are going public at you’ve-got-to-be-joking prices. The founders of Snapchat are getting multi-billion-dollar offers — and turning them down. And the NASDAQ composite index, a visible symbol of the ’90s dot-com boom and bust, is a sneeze away from 4,000, a level it last reached just before, well, you know.
Is this time different? Out in Silicon Valley, many insist it is. But for the average investor, there are reasons for caution. Since the dark days of 2008, the NASDAQ has risen more than 150 per cent, twice as much as the old-school Dow industrials. Money has been pouring into social media stocks. As of Friday, Twitter had risen nearly 60 per cent since it went public only a few weeks earlier.
...
http://www.todayonline.com/tech/1999-red...tor-bubble
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