The 100-day rally in tech stocks is more similar to the 2009 recovery than it is to the 1999 bubble, DataTrek says | Markets Insider

The more than 50% rally in technology stocks over the past 100 trading days ends one of two ways: higher like the 2009 recovery, or lower like the 1999 dot-com bubble.

Where technology stocks go from here will likely follow the path of a cyclical recovery as in July 2009, rather than a deflation of a tech bubble as in 1999, according to the note. Based on Google Search trends showing sustained sky-high activity for words like"laptop," Colas estimates that"we're at never-before-seen levels of worldwide demand for portable computing," according to the note.

😂 In 2009, markets were grossly undervalued, now this 'new bull market' is starting at the highest valuations ever in history

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Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

There are 100 companies responsible for climate change, activist saysLarge-scale climate protests have restarted in the U.K., targeting the Houses of Parliament and other 'key institutions of power'. Wow. Narrowed it down to 100. 🙄 It’s convenient that they were able to round it off at such an easy-to-remember big sounding number. I still haven’t seen any proof at all by grant funded scientists, that mankind is the cause of climate change. Before Democrats used to call it global warming, until caught putting heat sensors on concrete surfaces & there boats getting stuck in thick Arctic ice.
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