A certain defunct pundit (to whom I won’t link) has a typically silly screed up today about the existence of a bubble in technology. He’s wrong, of course, but I’d rather touch on something else. He opens by saying this:
Every single person working in the media today who experienced the dot-com bubble in 1999 to 2000 believes that we are going through the exact same process and can expect the exact same resultsâ€”a bust.
While lots of people, including me, are bullish on tech through the rest of 2007 — no subprime exposure, an uptick in corporate spending, etc. — the preceding quote is officially the single most bullish thing I have heard for technology stocks in a long, long time.