Will a tech IPO bust drag the market down?
Each day brings more news of another huge technology IPO, often by businesses that have never made a profit – and perhaps never will. But there are new signs that this latest tech bubble could be coming to an end.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
simon
:
APX $30.44 up 4%
Ben
:
“More structural difficulties were unleashed by a global financial crises in the 15th century and resonates 600 years later .Over saturated markets ,currency devaluations and lopsided balance of payments that went awary.
Even with the growing demand for silks and luxury products ,there was only so much that could be absorbed
It wasn’t that the tastes had changed ,it’s the exchange mechanism went wrong.
Europe suffered the worst as it had little to give in return even for the best fabrics and ceramics.
China effectively produced more than it could sell at home and abroad.
It was called a bullion famine, today we call it a credit crunch”
Extract from
The Silk Roads
A New history of the world
Peter Frankopan
Brilliant book that explains an awful lot of how the world was and why it is today
Ben
Prakash La
:
Hi Roger,
I cannot agree more but I wonder when this will ever stop! I feel it will not because of low historical interest rates. The new norm of interest rates will always be lower than previous. Hence I don’t see how it can stop. It is basically the outcome of GFC, which was never fixed at the core, debt was used to fix debt.
Regards
Prakash