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Tech share price âbubbleâ warnings grow louder
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Small investors who loaded up on technology stocks as their prices soared during the COVID-19 pandemic will get their fingers burnt if warnings by experienced market watchers of a tech âbubbleâ that will pop, prove accurate.
US investor Jeremy Grantham says the bull market in US âgrowthâ shares â led by the tech sector âhas âmatured into a fully-fledged epic bubbleâ.
âFeaturing extreme over-valuation, explosive price increases, frenzied issuance, and hysterically speculative investor behaviour, I believe this event will be recorded as one of the great bubbles of financial history,â Grantham says.