What’s going on in the public markets? What are all these so-called “unicorns”? What’s going on in venture capital?
“This time is different.” It is different. Because it’s always different…
Andreessen Horowitz: U.S. Technology Funding
June 16, 2015 8:00pm by Barry Ritholtz
This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. The Compound Media, Inc., an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers Please see disclosures here: https://ritholtzwealth.com/blog-disclosures/
Argghhhhh! So what if there is not a tech bubble? That was so last decade! Why does the last bubble have to have anything to do with the next bubble?
The now bubble is Debt and super low (ie. artificial) Interest Rates!!!! Get your heads out of the Nasdaq folks!!
but are interest rate all that artificially low? if rates were higher would demand for credit not go even lower? and lets face, demand for credit today is no where near what it was back in 2008. i suspect that most people have learned a new lesson. unless you feel confident about it, dont take out a loan. as the creditors have really lost all restraint, they will make a bad loan as much as they will a good one.
It’s way too cheap and easy to be cynical, but this seems to confirm that the public is way down the list when the goodies are being distributed but right up at the head of the line when the music stops. At what point in this process do we quit using the word “Capitalism” and switch to “Neo-Feudalism”?