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by velshin 5203 days ago
Sign of the tech bubble? Financiers jumping to tech companies?

The chemists and high school teachers turned ninja hax0r can't be far off. Someone please warn me so I can short XLK.

4 comments

To me, that's just reallocating resources. Any efficient system of capitalism will see that happening.

However IPO's with unreasonable valuations, and investments greater than what's needed is a pretty good sign of bubble. So i'll let linkedin, and facebook make me scared of a bubble. Not to mention the startup Color.

It's the bursting of the financial sector bubble actually: http://pages.stern.nyu.edu/~tphilipp/papers/finsize.pdf.
I believe Joshua Schachter started as a quant at Morgan Stanley.
I hope we don't lose high school teachers to tech companies. The world needs them much more as teachers.