(Bloomberg) — Just three days after the Nasdaq 100’s biggest rally since April, those gains are history, and warnings are getting louder that tech stocks are in a bubble.Fifty-year Wall Street veteran Ned Davis added his venerable voice to the chorus of worriers, citing the speed of the index’s advance — before today — and surging share volume. The Nasdaq 100 was down 2.8% Thursday, wiping out its gain for the week.Of particular concern to bulls were plunges in Microsoft Corp. and Tesla Inc., right after reporting earnings that exceeded analyst forecasts. The very biggest internet and software companies, collected …read more
Source:: Yahoo Finance
