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
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Newsweek - 🏆 468. / 52 Read more »