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

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

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.

 

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

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