America’s Stock Market Bubble.

America at this time has a potential stock market bubble. Many technology companies are cash flush because investors are betting on America’s lead in technology and innovation (America’s disproportionate weight in global stockmarket indices). It hasn’t always been so, when back in 1980s, when Japan dominated global stock market indices, leading to some big management miss-steps like betting on Beta instead of VHS, and Laser Disk instead of DVD. So today America is in that same position with the same pressure from investors for corporations to use that cash for continuous innovation.