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.

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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!

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