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When even the guy making the "against" case opens by saying I am not arguing that Netflix, Salesforce.com and LinkedIn are not overvalued; I am simply arguing
by hugh3 15y ago
When even the guy making the "against" case opens by saying
I am not arguing that Netflix, Salesforce.com and LinkedIn are not overvalued; I am simply arguing that their valuations have not become completely divorced from any rational thought. If they have not, we have not taken a major step towards a bubble.
that's starting to sound kinda bubbly. "Not completely divorced from rational thought" is kinda on the faint-praise side.
- sabat 15y agoPerhaps, but "kinda bubbly" is many degrees of separation from the kind of "bubbly" that was going on in 1999. So calling this "another tech bubble" is disingenuous because, frankly, it just doesn't compare in degree of irrationality.
- mahyarm 15y agoSo as he basically says, we are probably close to the start of a bubble (the mania phase).