Characteristics of bubbles

There is no reason why the potential bubble in tech stocks will pop anytime soon

There remains a lurking suspicion among many investors that we are in the midst of a huge bubble in growth stocks generally, and US technology stocks in particular. The very recent beginnings of a rotation away from conventional growth stocks and towards the conventional definition [low price/earnings (P/E), low price/book value (P/B)] of value have further reinforced these fears. Is it time to abandon all your tech positions and rush into banks and industrials? This rotation has its echo around the world. Even in India we have very recently seen domestic cyclicals and banks start outperforming our growth and quality