Billionaire investor warns that the app bubble is the new dot com bubble
by: J. D. Heyes
NaturalNews.com
Friday, March 20, 2015
Do you want a stock market bubble? Well, it appears there’s an app for that.
Billionaire investor and owner of the NBA’s Dallas Mavericks says he believes there is a tech bubble on the way that will be far worse for investors that the dot com bubble of 2000.
Mark Cuban, in a blog post cited by Market Watch, said that if investors “thought it was stupid to invest in public Internet web sites that had no chance of succeeding back then, it’s worse today.”
In his post, Cuban detailed the risks he sees facing the current wave of angel investors and crowd funders.
But, as Market Watch further reported, the serious investors – the adults in the room, if you will – aren’t paying much attention to such dire predictions:
He’s not alone in his fear-mongering. While retail investors are all-in, equity-wise, as are corporations, prophets of doom are counting the moments until the cards fall in the public markets, as well. The thing is, they’ve been counting them for years now. Check out the chart of the day for how long it’s been since we’ve felt a serious pullback. Spoiler alert: almost three years.
The Rest…HERE
