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I don't know whether we're in a repeat of 1999 or not, but I know that this article is not very convincing. "In short — and I’m not the first to say this — it’
by jonstokes 12y ago
I don't know whether we're in a repeat of 1999 or not, but I know that this article is not very convincing.
"In short — and I’m not the first to say this — it’s less that valuations are unnaturally high than it is the fact that there is a completely new capital market — the growth market."
No, you're not the first to say this. Down through the ages it is usually phrased as follows: "this time is different."
I'm not yet convinced that we're in a bubble, but a few more articles like this and I will be.
(And as others have pointed out, the attempt to draw a distinction between a "risk bubble" and a "valuation" bubble is hand-waving nonsense.)
- Zelphyr 12y ago> a few more articles like this and I will be Can you elaborate on why? "If it bleeds it leads" and the potential of another bursting bubble is making the media wet themselves. And when the media starts getting orgasmic about something its only natural that bloggers are want to follow. But them constantly writing about a bubble doesn't make it true any more than them constantly writing about Ebola wiping out civilization (at least that was the implication).