JDS Uniphase Longs Jump on the Telecom Express [View article]
This feels like 1995 or 1996 to me. Tech PEs and earnings growth are lifting off - it's deja vu all over again. Just about every teleco, broadband equip stock is reporting blow out numbers. Smartphones and tablets represent the first new platform since the PC and video volumes are booming. Cisco predicting a 25 x increase in data volume to 2015. Meanwhile, there are lot of worried people out there. Smells like animal spirits to me.
JDS Uniphase Longs Jump on the Telecom Express [View article]