Why the 2014 Stock Market Feels Like 1994

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July 17 (Bloomberg) -- Stocktwits Co-Founder and Chairman Howard Lindzon and Cantor Fitzgerald Analyst Brian White discuss the stock market and possible Twenty-First Century Fox and Time Warner deal on “Bloomberg Surveillance.” (Source: Bloomberg)

Brian white of cantor fitzgerald.

Gentlemen, i want to start with our front page story.

You have megamergers between time warner and fox.

Is this the top of the market?

I kind of cannot help of time warner and aol.

It is 2014 and it feels like 1994 if you look at the all-time high list of stocks.

I have never owned this at the same time i owned apple, microsoft, google.

I do not own ibm, but while.

Intel i should own.

They are all of 8% yesterday, microsoft and intel.

A lot of this has to do with money flow.

A lot of this has to do with microsoft, the new ceo.

The way they monetize their software products, but it is really not a top.

I have never seen anything like this, so i do not know how to call a stop on something.


What we are seeing in the tech world is a rotation into these mega cap tech stocks.

I think that will be the case going forward.

We will talk about this later in the hour on "bloomberg surveillance." are we going to have a silly season with time warner?

You not only get the shift what you get the market with the emotion, do you get the pendulum so far out that we become silly and our evaluations?

It generally speaking in my area, valuations for a lot of these emerging high-growth companies peaked in february.

My mega cap stocks are very cheap, and a discount in the s&p 500, ibm -- we forget how under value they are.

Which is exactly how words point, how can you have a market top when some of these companies are very cheap.

Just look at apple.

This text has been automatically generated. It may not be 100% accurate.


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