The David Lin Report · Tuesday, June 30, 2026
Discussing market frothiness, Sam Burns draws parallels to the late 1990s dot-com bubble, noting that speculative periods can last longer than anticipated. He points out that companies issuing more equity suggests they perceive current valuations as favorable for raising capital.
“But do we know if this bubble, if we want to call it a bubble, is going to pop anytime soon?”
“Oh, absolutely. Yeah. I know these things can go on much longer than people anticipate.”
“Uh, certainly those of us who are around in the late '90s remember, um, you know, chairman Greenspan talking about how he thought that, u, you know, stocks were showing irrational exuberance in 1997 and then it wasn't until early 2000 that you actually had the real peak in the stock market.”
“Um, and I think the fact that you're seeing, you know, a lot of companies starting to issue more equity means that they see some of the valuations here as being pretty, you know, pretty high and therefore favorable if you're issuing equity and maybe less so if you're if you're the one buying it.”