Market Overbought, No Tech Bubble
This is a news story, published by CNBC, that relates primarily to Manish Singh news.
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tech bubbleCNBC
•Market sell-off won't last as there's no tech bubble to burst, CIO says
78% Informative
Manish Singh says there's no need to fear a burst tech bubble causing a persistent downturn.
Technology stocks among the hardest-hit by the recent sell-off have revived a debate about whether the sector is in a bubble waiting to burst.
The performance of major indexes in recent years shows some stocks have done well on earnings but there is no overall bubble, he said.
Singh: "I do not see any reason to be concerned that you're going to enter a bearish pattern".
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