{"id":6205,"date":"2015-03-05T06:37:11","date_gmt":"2015-03-05T11:37:11","guid":{"rendered":"http:\/\/olduvai.ca\/?p=6205"},"modified":"2015-03-05T06:37:11","modified_gmt":"2015-03-05T11:37:11","slug":"mark-cuban-warns-this-bubble-is-far-worse-than-the-tech-bubble-of-2000","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=6205","title":{"rendered":"Mark Cuban Warns: This Bubble Is Far Worse Than The Tech Bubble Of 2000"},"content":{"rendered":"

Mark Cuban Warns: This Bubble Is Far Worse Than The Tech Bubble Of 2000<\/a><\/h3>\n

Just over a year ago,\u00a0<\/a>we warned that while the world of speculative capital is focused intently on the Twitter and Facebook #Ref\/0 fundamental valuations in the publicly-traded equity markets, the real dot-com 2.0 bubble is occurring in the private markets. Few paid attention,\u00a0prefering the head in the sand “well the music is still playing” meme; but one (or two) billionaires noticed, and with all eyes intently focused on Nasdaq 5,000 (as some indicator that we made it back to Nirvana),\u00a0Mark Cuban unleashes uncontestible exposition why is this bubble far worse than the tech bubble of 2000<\/strong>.<\/p>\n

It is different this time…<\/a>\u00a0and, as Mark Cuban explains, far worse…<\/p>\n

\n
Ah the good old days. \u00a0Stocks up $25, $50, $100 more in a single day. \u00a0Day trading was all the rage. \u00a0Anyone and everyone you talked to had a story about how they had made a ton of money on such and such a stock. In an hour. \u00a0Stock trading millionaires were being minted by the week, if not sooner.<\/div>\n

You couldn\u2019t go anywhere without people talking about the stock market. \u00a0Everyone was in or new someone who was in.\u00a0There were hundreds of companies that were coming public and could easily be bought and sold<\/strong>. \u00a0You just pick a stock and buy it. Then you pray it goes up. Which most days it did.<\/p>\n

Then it ended. Slowly by surely the air came out of the bubble and the stock markets declined and declined till the air was completely gone. \u00a0The good news was that some people were able to see it coming and get out. The bad is that others were able to get out, but at significant losses.<\/p>\n

If we thought it was stupid to invest in public internet websites that had no chance of succeeding back then, it\u2019s worse today.<\/p><\/blockquote>\n

…click on the above link to read the rest of the article…<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Mark Cuban Warns: This Bubble Is Far Worse Than The Tech Bubble Of 2000 Just over a year ago,\u00a0we warned that while the world of speculative capital is focused intently on the Twitter and Facebook #Ref\/0 fundamental valuations in the publicly-traded equity markets, the real dot-com 2.0 bubble is occurring in the private markets. Few […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1806,3921,150,236,3922,3923,3924],"class_list":["post-6205","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bubble","tag-bubble-collapse","tag-collapse","tag-economic-collapse","tag-mark-cuban","tag-speculative-capital","tag-tech-bubble"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6205"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6205\/revisions"}],"predecessor-version":[{"id":6206,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6205\/revisions\/6206"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}