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Ah the good old days. Stocks up $25, $50, $100 more in a single day. Day trading was all the rage. Anyone and everyone you talked to had a story about how they had made a ton of money on such and such a stock. In an hour. Stock trading millionaires were being minted by the week, if not sooner....
Our government uses a mix of Bernie Madoff, Enron and WorldCom accounting at almost every level. This is a far greater problem than any stock market crash. Real national debt is closer to 100 trillion or even more than the 17 trillion claimed. Do your homework.
Dan, I read the link and it has very little or nothing to do with the current market in real companies in the tech sector that are listed on the major exchanges. I feel we are at the very beginning of a long ramp up. Not get rich quick like when I used to turn 50% plus a year on some investments. I feel the tech sector is an excellent area of investment for it's getting broader and deeper than it has ever been at an ever increasing rate for at least a few more years. The auto industry is but one very large example that consumes and uses tech in almost every area. 3D printing, robotics, AI, and many areas are still in there infancy and the companies that get it will do well like ARM, TSM, AMAT, VSH, Autodesk, Amazon and many others. I'm in the process of trying to get a major company interested in a whole new business platform.
Dan, I also feel the changes wrought by the merging of AI and adaptive learning that I wrote about a few days ago will be the ultimate game changer. Many companies are placing large bets on adaptive education and I feel it's only a matter of time before AI and adaptive learning merge. It will be a very interesting convergence, perhaps the ultimate link between man and technology. This I feel might even change the economic cycles in ways we haven't even imagined.
Mark Cuban's article is about non liquid investments in over-valued private companies. It's part of the tech sector but it does not represent all the tech sector. In 2000, pretty much all the tech sector got hit, publicly listed companies included. So, the bubble he's talking about is very different from the 2000 bubble. For Mark Cuban, it is, of course, much worse because he's probably not going to benefit from this over-valuation as he did in 1999. For the rest of us, it is much better. We were all impacted in 2000. Only a (relatively) few will be impacted this time and not as many people will loose their jobs.
I agree with Arthur, we may be at the beginning of a nice growth period for the Semi industry. The whole "smart-everything" era is very promising for those who play their cards well. But, like with any profound change, it will kill those who do not embrace the change.
Agree with Philippe - some high flyers don't look so good now Yahoo, Twitter), but others are doing fine (Google, Facebook) and some are so far up, even if they come down a bit, they're still doing well (Apple). I think the tech bubble story is overplayed (and I'm sure Mark Cuban has plenty of ulterior motive in selling a gloom and doom story).
