Tuesday, October 13, 2015

Overpriced Stocks: Social Bubbles, Biotech

Things that are probably bubbles, social media, biotechnology, this in U.S. stocks. These are sectors of the world economy that are overexploited, stocks are very high, salaries are very high. So, if these are not in a bubble, they are certainly too expensive and I would not be putting money there.

Stocks: Facebook (FB), Twitter (TWTR), LinkedIn (LNKD), iShares NASDAQ Biotechnology Index ETF (IBB), Gilead Sciences, Inc. (NASDAQ:GILD), Acceleron Pharma Inc (NASDAQ:XLRN), Celgene Corporation (NASDAQ:CELG), Oncomed Pharmaceuticals Inc(NASDAQ:OMED)

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.