Jun 20, 2016

Is there another Tech Bubble Crash around the corner? The Wall Street Journal reports that many angel investors are backing away fast from big-name, non-profit Tech companies. In the last high-tech crash in 2000, the problem was that internet companies were making no profit at all, but their share prices kept going up turning into the biggest bubble since 1929. Today, companies like Uber and Zenefits and others in San Francisco are starting to show signs of similar riskiness. Uber has never made a profit nor has it paid any taxes in the U.S. Competitors are entering the scene and municipal laws could hamper Uber's ability to operate. Shareholders could take the hit. Steve and Sinclair have the timely story. Later, Steve talks about the IQ Wealth Black Diamond Dividend Portfolio.