Are the internet stocks in a bubble? Since January 2009 Netflix is up 8,180%. Tencent is up 3,963%. Amazon is up 3,069%. Apple is up 1,629%. Alphabet is up 600%. While US nominal GDP is only up 33%.
It’s the stock buybacks. Companies are expected to buy back 10% of their market cap this year. They are borrowing money to do it. Likely be a huge credit crisis and crash in the future from it, but enjoy the …