Surveillance: Levitt's Mkt. Outlook
Bloomberg Surveillance
00:00
The Overvaluation of Technology
The internet created the dot com boom but that didn't keep nasa from going down eighty three percent in the next three years. The greatest over value valuation the market is technology, according to Mike Downey. This is the only business where people are confident in view and can be terribly wrong right? We have a paper thin equity risk premium which portends valuation risk for stocks. It also reduces the margin of safety expands the downside risk for stocks relative to the upside reward.
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