Skip to main content

Market Overview

Dr. Stoxx On Mark Cuban's Tech Bubble: 'The Only Bubble I See…Is The Biotech Bubble'

Share:

Mark Cuban on Thursday compared the current state of the technology market to the dot-com bubble of 2000. According to a note posted on his blog, the tech sector is once again in a bubble, which he believes to be even worse than the last one.

Related Link: Ron Insana On Mark Cuban's Idea About The Tech Sector Being In A Bubble: 'I Would Humbly Disagree'

Dr. Thomas Carr told Benzinga he has "a hard time seeing a liquidity problem for Facebook Inc (NASDAQ: FB) and Twitter Inc (NASDAQ: TWTR). How do investors lack a market for selling their shares?"

Carr then explained, "in inflation adjusted terms, we are still 20% below an all-time high for the Nasdaq. The only bubble I see -- and it's significant -- is the biotech bubble. If in 2000 we had to worry about bloated 900+ P/E ratios, today we have to worry about megacap stocks with no P/E at all."

 

Related Articles (FB)

View Comments and Join the Discussion!

Posted-In: Dr. Stoxx Mark Cuban Thomas CarrBiotech Exclusives Tech General