Bill Gates selling $272 million is like a guy with a $100K RRSP selling $680 in stock. Even the reference to Ballmer selling $1.2 billion under the 'guise' of

Bill Gates selling $272 million is like a guy with a $100K RRSP selling $680 in stock. Even the reference to Ballmer selling $1.2 billion under the 'guise' of diversification, is not big news. Does anyone really think that MSFT is the sole best stock to hold? Ballmer can probably get better returns by investing in startups than by holding MSFT. That he is diversifying his portfolio is merely the truth. What it doesn't communicate are the reasons, as CEO of MSFT he could negatively affect the price of their stock by giving any answer that belied an investing strategy in which holding MSFT stock was not the best idea. He's pretty much bound by fiduciary duty to his stockholders to give an answer which reveals nothing about MSFT. Although unpopular right now, if you want to call a bubble, look at gold and other commodities, especially ones on which futures are bought and sold. We don't have pets.com IPOs, we don't have a lot of public money flowing into the tech sector. Yes, there are deals being made privately, but presumably the companies buying them are buying them because the technology they created can be better capitalized by augmenting an existing tech giant rather than via an IPO. If you want to find a bubble go look at who made tonnes of money in the real estate bubble and look for them pouring that money into a speculative market.