Technology and internet stocks in the US have been on the up and up. The Nasdaq index led the way in...
Technology and internet stocks in the US have been on the up and up. The Nasdaq index led the way in the final quarter of 1999, hitting several new highs, and the impact of this has fed through into global markets generally. Our only concern now is, that whilst some of the gains have been entirely appropriate given the strong growth in the sector, there are a number of stocks which have simply become caught up in the frenzy and are now clearly overvalued. How long this situation of demand driving prices without thought for quality will go on is not entirely clear but at some point in the ...
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