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An Antidote to Corporate Media
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Patrick
2016 Feb 12, 8:59pm
nice, an upside to the fall in stocks.
i don't even own any tech stocks, but the market has been brutal lately.
B.A.C.A.H.
2016 Feb 13, 4:05pm
I don't own any either, not directly anyways.
But everyone with index funds probably owns them indirectly.
Patrick
2016 Feb 13, 5:28pm
Why not? Do you short any, or buy put options?
no, it's just too many eggs in one basket. i work in internet tech, so buying internet tech is doubly risky. if things really go south, i lose my job and my investments.
so my investments are generally boring old-school things that have nothing to do with the sf tech scene.
also, i could never justify buying anything with a p/e over 30. just too conservative to go past that.
Nasdaq is in bubble indeed.
Mark Cuban about about 2 years ago said that this bubble is bigger than the one in 2001.
It will crash eventually.
It's actually down 19% as of today.
http://www.cnbc.com/2016/02/12/cooling-ahead-for-high-end-san-francisco-real-estate.html
.."As technology stocks slide — the Nasdaq is down 15 percent this year — and private tech valuations suffer, real estate brokers say the feverish clamor for high-end homes in San Francisco has quieted." ..