An incredible statistic and chart posted this morning at Phoenix Capital Research. Most people believe that while the current technology market is a bit frothy it is in no way near the manic bubble that was taking place in 1999. Really?
This year 73% of the tech companies that have gone public have never turned a profit.
How does that compare to the mania in 1999?
That year only 27% of the tech companies were unprofitable.
The NASDAQ fell 80% after the last tech mania ended in 2000. I'm sure this time with a far larger percentage entering with no profits it should turn out much, much better. The full list of this year's madness is below. Get em while they're hot.