I didnt want to go off on a tangent since this thread is dedicated to NSE but to respond yes I agree its a ticking and another tech bubble burst is very possible?When will this burst occur is something one cannot predict as the Fed always seems to "salvage" the market via its money printing schemes.The rampant speculation in the general market and in particular these 5 tech stocks (including Netflix) is unprecedented and even more extreme than in the dotcom bubble.Currently the market is in its biggest bubble in history even bigger than the dotcom one.The NASDAQ had hit over 10,000 a few days ago which is ridiculous.Sure these tech giants are highly innovative but it doesnt justify their extreme stock valuations.Tesla is definitely the worst in the speculative frenzy.

Most of the market rally since the March 2020 collapse has been fuelled by these FANMAG (FANMAG stands for Facebook,Amazon,Microsoft,Netflix,Apple,Google) stocks and NASDAQ hit its all time highs over 10,000 a few days ago due to these 6 stocks.Retail speculation coupled with money managers passive investing strategies ie investing in a broader ETF like the QQQs (QQQ is the biggest ETF for the NASDAQ) where money managers prefer to buy the broader QQQ ETF as opposed to buying individual stocks thus there is an over-concentration in these 6 stocks that the QQQ ETF almost predominantly buys.Microsoft,Amazon,Apple have already surpassed the 1 trillion USD market cap.To emphasize the mad speculation by retail investors that supersedes the dotcom madness,retail are piling into companies like Hertz that have already filed for bankruptcy which is stupid to say the least.

As I said,its impossible to predict when this mad speculation will end in tears as the Fed keeps printing trillions to pump the market.During the dotcom bubble the Fed was hardly printing money so that collapse (over 80% decline of the NASDAQ in the dotcom burst)occurred but in the current environment there is almost no limits to what the Fed can do.Could the NASDAQ hit even 12,000 or even 15,000 due to Fed money printing?Sure thats possible.Could the tech frenzy collapse also.Yeah thats possible too.Lets see how this insanity plays out

I didnt want to go off on a tangent since this thread is dedicated to NSE but to respond yes I agree its a ticking and another tech bubble burst is very possible?When will this burst occur is something one cannot predict as the Fed always seems to "salvage" the market via its money printing schemes.The rampant speculation in the general market and in particular these 5 tech stocks (including Netflix) is unprecedented and even more extreme than in the dotcom bubble.Currently the market is in its biggest bubble in history even bigger than the dotcom one.The NASDAQ had hit over 10,000 a few days ago which is ridiculous.Sure these tech giants are highly innovative but it doesnt justify their extreme stock valuations.Tesla is definitely the worst in the speculative frenzy.

Most of the market rally since the March 2020 collapse has been fuelled by these FANMAG (FANMAG stands for Facebook,Amazon,Microsoft,Netflix,Apple,Google) stocks and NASDAQ hit its all time highs over 10,000 a few days ago due to these 6 stocks.Retail speculation coupled with money managers passive investing strategies ie investing in a broader ETF like the QQQs (QQQ is the biggest ETF for the NASDAQ) where money managers prefer to buy the broader QQQ ETF as opposed to buying individual stocks thus there is an over-concentration in these 6 stocks that the QQQ ETF almost predominantly buys.Microsoft,Amazon,Apple have already surpassed the 1 trillion USD market cap.To emphasize the mad speculation by retail investors that supersedes the dotcom madness,retail are piling into companies like Hertz that have already filed for bankruptcy which is stupid to say the least.

As I said,its impossible to predict when this mad speculation will end in tears as the Fed keeps printing trillions to pump the market.During the dotcom bubble the Fed was hardly printing money so that collapse (over 80% decline of the NASDAQ in the dotcom burst)occurred but in the current environment there is almost no limits to what the Fed can do.Could the NASDAQ hit even 12,000 or even 15,000 due to Fed money printing?Sure thats possible.Could the tech frenzy collapse also.Yeah thats possible too.Lets see how this insanity plays out

On the big US tech companies, I think this time its different. In the tech bubble of the 90s the companies did not revenue. Their valuation was based on the prospect of future revenues. Right now those big 6 not only have substantial revenues but have very low costs and are some of the most cash rich companies in the world. They basically built an infrastructure through which all commerce in the world flows. Imagine if some company came to Kenya and built roads connecting every city, town and village. Then they charge a small fee for people to pass. That is what these companies have done in the world. It is exactly what Safaricom has done in Kenya. They have grown so big that the only thing that can topple them is legislation. You have to give credit to the Chinese. They are the only country that saw the rise of big tech companies for what they are. They protected their market and allowed home grown solutions for each of those giant tech companies. The rest of the world is now captive.

I just saw that Facebook has started money transfer on Whatsapp in Brazil. Facebook already has about 2 billion users in the world. Its user base is bigger than any country in the world. A money transfer service of WhatsApp is enough to kill local Mpesas in hundreds of countries and completely finish off Western Union and Moneygram from the face of the earth. The technology is already there for this to happen, the only thing standing in their way would be legislation. Imagine how much potential power companies like SpaceX now have. A company that has the infrastructure to launch satellites into space is not limited by boundaries. We are in a new era of Megasuperhumongous companies. I don't think the world has ever seen anything like this before.

Very interesting interview, but the part that gets me most is what he says about his successor- “[We need] someone who understands the financial sector a lot more, if we are to occupy the fintech space, and someone who is not going to be scared of going into other markets.”

According to the late Collymore his successor should deepen and widen the fintech offering and take SCOM to other markets (ETH comes to mind). The latter part is akin to how the Nigerian market contributes to significant revenues for MTN Group South Africa and Multichoice South Africa.

If they get the nod to go to Ethiopia it shall also a significant chunk of revenue.In Ethiopia they will go via JV