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Tech today is NOT more overvalued today than 1990s.
Tech in 2000 was > 2x as expensive vs today.
In Mar 2000, when Prof Siegel wrote "Big Cap Tech Stocks are a Suckers Bet" there was 9 stocks w/ triple digit PEs
Today only Tesla >150x, other Mag7 ~30x.
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Torsten Slok: "The difference between the IT bubble in the 1990s and the AI bubble today is that the top 10 companies in the S&P 500 today are more overvalued than they were in the 1990s"
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