The LinkedIn IPO made big tech news recently for it's skyrocketing ways. It surprised many that in the current environment tech stocks could be partying like it was 1999 all over again. It has people wondering whether this is just a head-fake, or the start of another tech rally.
The facts are that tech stocks have been one of the best performing sectors in the S&P 500 since the end of 2008, so there has already been quite a nice rally off the lows. It doesn't match the tech bubble of the 1990s in scale, however. As for LinkedIn, it more than doubled from the IPO price of $45 on the first day of trading. The stock has a good story behind it, do to the fact that so many people have LinkedIn accounts. However, the question is how frequently all of these account holders actually use the accounts.