Tech Stocks Surge to Lofty Valuations, But Signs of Dotcom-Style Euphoria Still Few
- Share prices are surging again, making some worry we're in a bubble
- Unlike the dotcom bubble, this rally is concentrated in a few mega-cap tech stocks
- Valuations are high but not wildly euphoric like in 1999
- Signs to watch for a bubble smaller stocks and IPOs take off, investors abandon caution
- Cheap debt and rate cuts could further fuel investors' animal spirits
