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To the bewilderment of many investors, the market has been on a tear since the March lows. Last week, I wrote an article in which I stated that I expect that stocks will keep rising. The key is asset inflation.
But not all gains are evenly distributed as you have probably noticed. The tech sector has outpaced all other sectors, making many think that there is a new dotcom-like bubble brewing. While you won't hear me claim that tech and in particular SaaS stocks (Software-as-a-Service) are cheap, I don't see a dotcom-like bubble,