SPY - Vltava Fund's Daniel Gladis: Today's stock market resembles the 1990s tech bubble

Klaus Vedfelt/DigitalVision via Getty Images Daniel Gladis, founder and CEO of VLTAVA Fund, thinks the current dynamics surrounding the stock market resemble the ones that existed during the tech bubble of the late 1990s. In a fund letter released earlier this week, Gladis also predicted volatile stock prices, influenced by the lingering impacts of higher inflation. To his historic comparison, the VLTAVA Fund CEO said the late 1990s were defined by two groups of market participants: young, aggressive traders focused on high-flying tech and telecom stocks set against older, conservative investors that took a dim view of the risk-hungry tactics that became popular at the time. Gladis argued that the more risk-averse investors were proven right over time, as the 2000 stock market sell-off ended up popping the tech bubble. "Today, there is a somewhat similar situation in the market as during the second half of the 1990s," he noted.

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Vltava Fund's Daniel Gladis: Today's stock market resembles the 1990s tech bubble