Gerstner notes top internet companies grew from 5% of Nasdaq in 2006 to 35% today.
“In 2006, the top six or seven global Internet companies represented about 5% of the Nasdaq. Today, they represent about 35% of the Nasdaq. So the big have gotten bigger at an accelerating rate,”
Gerstner notes top internet companies grew from 5% of Nasdaq in 2006 to 35% today.
“In 2006, the top six or seven global Internet companies represented about 5% of the Nasdaq. Today, they represent about 35% of the Nasdaq.”
Gerstner reports NASDAQ moved 30 percentage points in sixty to seventy days from trough to recovery.
“It's a 30 move in about sixty or seventy days, which is extraordinary even by the historical patterns that we've seen over the course of the last five years.”