The market is finally realizing that the earnings in these tech sectors have cyclical sensitivity - and the risks in the business cycles both in the United States and Europe are going up. Our latest assessment is that even at current levels the sector could still be 15 to 20 percent overvalued.  -   Mike Young     Quotes
The market is finally realizing that the earnings in these tech sectors have cyclical sensitivity - and the risks in the business cycles both in the United States and Europe are going up. Our latest assessment is that even at current levels the sector could still be 15 to 20 percent overvalued. Mike Young