Called Linkedin News Today

Fear. once little own professional site called linkedin, red-hot and now similar sites like facebook and groupon teed up and supposedly ready to go. before you get ready to party like its 1999, my buddy for now, charles payne says remember what happened the year after 1999, charles, whats your concern? >> the year after 1999, in march of 2000, a company called world online went public and they went public 12 billion dollar valuation and the ceo sold all shares 60 million dollars and that was the...

Next. >> hell be lonely. >> im worried about it. >> the echo chamber, and neil cavuto and-- >> boy, big and deep. >> thats enough. were going to take a break here. linkedin, a new wall street darling has them partying like its 1999. ♪ .

I would have gotten some of that, but other than that its a bubblicious right now. >> okay, what do you think. >> when you have interest rates, i mean, the same thing that happened back during the tech bubble between 19 march of 2000. when you have interest rates near zero people will reach for you and theyll invest in things that arent worth what they should be worth and you cant help it. where are you going put your money, buy a ten year bond in thats why linkedin sells at market cap. >> youre...

Valuations. >> is this sort of for shadowing a bubble in the making. >> absolutely. >> neil: you think its a bubble. >> yes. >> because we have the same macroeconomic conditions as we had back then. really low interest rates and lack of alternative investments and why people reach for yield or growth. >> you know what? the reason its not as insane as it is, because were having this very discussion because everybody wanted in and they never asked the question and thats why-- >> we had that discus...

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