SF Gate – Greenlight Capital Inc., the $10.3 billion hedge fund firm run by David Einhorn, said it is betting against a group of technology stocks as evidence grows of a bubble.
“There is a clear consensus that we are witnessing our second tech bubble in 15 years,” the New York firm said in a letter to clients this week. “The current bubble is an echo of the previous tech bubble with fewer larger capitalization stocks and much less public enthusiasm.”
