Taking a break from my usual curmudgeonly critiques of Obama et. al. here are a few questions of genuine and practical value. I have no idea what the answers are.
Are we seeing another "tech bubble" like the one from 1999-2000 ? I honestly hadn't even thought about it until the issue was raised yesterday after the stock price of LinkedIn shot up from $45 to well about $125 a share before settling just under $100. That price represents 50 times forward earnings making it way overpriced. For now.
Secondly LinkedIn is currently little more than a resume posting site.
So I throw it out there to my fellow investors and stock pickers : Is this another Amazon, E-Bay or Google ? Or is it another Pets.com ?
Is this a replay of the Perot Systems IPO ?
Are other tech stocks overpriced ? Is there a "bubble" ? Larry Summers says there is. Will it burst ? When ?



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