Is it Time to Buy US and ASX Tech Stocks?
By Dale Gillham |
Several analysts reported in September that the tech sector was overvalued when the US and Australian tech sectors peaked in price. Both sectors fell more than 10 per cent into early October, before the US Fed Reserve announced the tapering of bond purchases, which lifted both sectors off their lows. Some analysts are now suggesting that it’s time to buy, but was the bounce last week a sign of a new bull run or just a pause in the move down.
In tonight’s show, Dale and Janine review the US and Australian technology sectors and analyse several tech stocks to identify if you should buy now or get ready for further falls.