It was March 2000 when the Nasdaq last touched 5,000 (briefly). It was a tumultuous time for those of us who were growing Internet companies in the midst of the late 90's dot-com bubble. Now, fifteen years later, the Nasdaq is back in the 5K neighborhood, which leads to the question: Is this dot-com bubble 2.0? We don't think so.
While there are some overvalued individual companies, the larger composite index is in a very different place today. There's real cash flow. PE ratios are rational. And the Nasdaq's recent performance generally in line with the S&P 500 and Dow. But in the interest of considering both sides of the "bubble 2.0" question, check out this video on CNBC. http://www.cnbc.com/id/102470833?
No comments:
Post a Comment