Tech stock booms: then and now
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Echoes of the past often ricochet around markets to inform the present. So, for longtime market watchers, as we head into 2021, it is hard not to see parallels between frothier parts of the technology sector and the dotcom boom.
Current conditions are still some way off the mania of 1999 when the tech-heavy Nasdaq Composite powered ahead nearly 90 per cent before the big bust in 2000.
But there are more than a few trends in markets that chime with those bubble times. In the past two years alone, the Nasdaq Composite has recorded back to back annual gains in the region of 40 per cent.
The combination of electric vehicle mania and blank cheque companies has proved a volatile one
