Here's why one expert says scorching-hot tech stocks are far less vulnerable than they were during the dot-com bubble — and why they can keep climbing
Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Tech stocks' rally from mid-March lows is fueling concerns of another market bubble, but history shows the shares are fairly valued, James Paulsen, chief investment strategist at The Leuthold Group, said. market cap, their sales contribute to a greater share of nominal GDP than they did in the dot-com era, Paulsen said.
Tech stocks' market cap relative to economic contribution also shows stock prices sitting at levels seen after the dot-com bubble burst, the strategist found.Today's rallying tech stocks won't repeat the 2000 "tech-bubble" tumble because they aren't forming a true bubble at all, James Paulsen, chief investment strategist at The Leuthold Group, said.
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