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Strategies & Market Trends : The New Economy and its Winners

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To: Rarebird who wrote (26598)12/13/2005 4:23:43 PM
From: Lizzie Tudor  Read Replies (2) of 57684
 
I totally agree with your post. Tech stocks are basically speculative vehicles and as long as Real estate is going up like crazy, stocks pale in comparison. For one thing, the government makes it so much easier to make money in RE.

there will be another high tech asset bubble again

well, maybe. lots of people, the "penthouse to the outhouse" crowd as you put it, think we are in a bubble right now in tech because Google is valued at 120 billion. Of course I don't agree with this line of thinking at all (that a bubble exists now) because I think Google at 50PE and 2 other companies (crm,aapl) do not constitute a bubble. in order for a high tech asset bubble to exist again, even one HALF the size of the last one, we are going to need a lot more public companies with a lot of multiple expansion. A LOT. Doesn't seem possible right now.
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