Tag Archives: Tech bubble

It’s Different This Time for Tech Stock Valuations

Marc Andreessen, a venture capitalist, remains best-known for his work on the creation of Netscape, one of the earliest and best web browsers.  In a recent interview with The Wall Street Journal, he states that those who are concerned about a new stock market bubble in tech stocks simply don’t understand the revolution that is underway and how large an economic impact software firms can have.  Continue reading

The Great Rotation?

The financial media loves a catch phrase and, with the apparent emotional hook of the ‘fiscal cliff’ diminished, we needed a new one.  The current best candidate is the so-called ‘Great Rotation.’  The idea here is that investors, finally and completely fed up with the dismal returns from bonds, are going to move heavily back into equities.  This is the ‘Great Rotation.’  When I Google the term, there are 820,000 search results.  Not bad for a phrase that was invented in October 2012 (in a research note from Bank of America, apparently).  Continue reading