Tech stocks are 'certainly in a bubble' but that won't deflate anytime soon, a chief strategist says | Markets Insider

due to internal rules constraining the weight of a single stock in client portfolios.

Stanhope Capital's Bell said:"It's not that these businesses aren't great businesses that are going to carry on going, it is just the exuberance related to them." Bell likened the current tech bubble to comments made in 1996 by former Federal Reserve Chairman Alan Greenspan when the equity market, driven by gains in technology stocks, embarked on a rally that would culminate in early 2000 with the bursting of the so-called"dot-com bubble" . "I would be saying to people that this is a bubble-type territory, but it doesn't mean that it is going to deflate now.

But he suggested that investors should avoid allocating too much of their portfolios to the tech sector. "There's still a lot of reasons to own these, but be really careful, trim holdings … Look at the percentage weighting you've got," Bell said."If you've got 15% or 20% and you're overweight those then be aware of that, but if you've got 30% or 40% of your portfolio in there, then that's a really big risk you're taking," he added.

Gold Shortages are upon us. Buy your bullion now..and gold and silver stocks. Free cash flow for these companies is what Warren Buffett saw in Barrick. Buy now. It's coming!!! Sandstorm Gold is making SO much $$ at $1700 gold!!!

Not until December or January of that I have no doubt...

Agree! After the Labor Day retail investors can not resist the LOW prices and stocks will bounce up again! Additionally, tech companies will always try to find a way to inflate their stock prices!

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These tech sales jobs fetch six-figures at Amazon, Google, Microsoft - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Imagine how much each of these people could do for their respective communities by contributing even a small portion of their salary annually. Either for the elderly, homeless, animal shelters, local hospitals anything.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market outlook: 3 ways to stay invested amid sell-off, UBS says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Smokey_Creek should invest in something that’s guaranteed. Breaking news: McDonalds want you to keep eating its burgers even tho its bad for your health.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market crash: BofA indicators say September meltdown may persist - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »