
Pride Before a Fall? Experts Claim Silicon Valley Boom is Sustainable
Silicon Valley is again “champagne style and caviar wishes” as people around the world paid $18,000 for Apple watches last week. But with Moore’s Law predicting computer power will double annually as prices fall now turning 50 years old, it is helpful to put in perspective that the NASDAQ Index dominated by “Valley” tech stocks that has almost tripled since 2010 to 4931, is a couple of percent short of its Dot-Com Bubble peak of 5132 in March 2000. But adjusted for inflation, the NASDAQ still is still down 34 percent.