Prepare for the Bubble 2.0 bust coming

Stocks like AMZN, CRM, LNKD are traded at price with PE well above 100. This was the trading pattern in year 1999-2000. Many dot com stocks were bubble like this, and eventually got bubble busted in 2011. 

The competition in the cloud computing and digital products(music, video and e-books) become tougher and tougher. They will go back to the resonable valuation. 

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totally agree -cat18- 给 cat18 发送悄悄话 (0 bytes) () 10/09/2012 postreply 09:41:39

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