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Mike Wade: Good news – 2016 dot-com bubble to burst

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They say lightning never strikes the same place twice, but can one apply the same logic to history? As is well known it often repeats itself, but do we really learn any lessons? And what about another dot-com bubble? The stock market saw a loss of $5trn from 2000 to 2002 following the meteoric rise of tech company valuations.

In the piece below, Cisco’s Mike Wade makes the case for a repeat. He gives the market until the end of 2016, by which another dot-com collapse would have occurred.

He makes reference to over-valuations of companies like Uber, and says the writing is on the wall. A great read that may get tech investors thinking as there’s a flip side to his argument. He says it’s good news. – Stuart Lowman

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