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Tech is absolutely booming right now

Posted on 12/10/20 at 2:09 pm
Posted by agregime1
Member since Mar 2015
1265 posts
Posted on 12/10/20 at 2:09 pm
Damn just looking at the IPO's today and seeing Airbnb now valued at over $100b during a pandemic! Their market cap is now literally worth the market cap of Hilton, Hyatt, Wyndham, Choice, and extended stay combined Yesterday DoorDash now has a market cap of $60b! their CTO at 28 is now worth an outstanding $2b.
Its literally crazy, Amazon, Apple, Microsoft, Facebook & Google are now 22.7% of the S&P 500 & the SPY.
I dont know the stats but I bet tech combines for like 50-60% of the entire stock market... (Guessing)



Posted by RummelTiger
Texas
Member since Aug 2004
89849 posts
Posted on 12/10/20 at 2:09 pm to
Thanks, COVID...
Posted by BorrisMart
La
Member since Jul 2020
8812 posts
Posted on 12/10/20 at 2:10 pm to
Money board?.....

Jk our electronic overlord's are growing stronger by the day.
Posted by Huey Lewis
BR
Member since Oct 2013
4652 posts
Posted on 12/10/20 at 2:11 pm to
I'd be worried if there was any precedent for tech stocks being a bubble but since there isn't I'm pretty sure it's all smooth sailing from here.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11096 posts
Posted on 12/10/20 at 2:12 pm to
Nifty 5

Where are the other 45?
Posted by TulaneLSU
Member since Aug 2003
Member since Dec 2007
13298 posts
Posted on 12/10/20 at 2:12 pm to
Friend,

You think that’s impressive? Go look at the Money Board. The last two days members have made six figures on a couple of bio stocks. Might be room for growth yet. As for ABNB, my target is 85$ in early Feb once covid puts fear in the travel industry. It will recover though.

Yours,
TulaneLSU
Posted by agregime1
Member since Mar 2015
1265 posts
Posted on 12/10/20 at 2:14 pm to
Oh I know, have you seen the wall street bets board on reddit , its literally people flipping 10k to 100k in weeks, crazy.
Posted by jfw3535
South of Bunkie
Member since Mar 2008
4650 posts
Posted on 12/10/20 at 2:21 pm to
Good thing I'm long in Apple, Microsoft and Facebook.
Posted by dandyjohn
Member since Apr 2009
804 posts
Posted on 12/10/20 at 2:48 pm to
quote:

Thanks, COVID...




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