Keith Springer of Springer Financial Advisors Quoted in CNN Money Article

Feb. 23, 2011 - PRLog -- SACRAMENTO, Calif. Feb. 18, 2011 – Keith Springer discusses the tech stocks surge and whether to be worried about this new bubble that is forming.

According to Paul R. La Monica, reporter for CNNMoney, “People don't blink about blabbing their innermost thoughts to hundreds of friends or followers on Facebook and Twitter. We're nearing a point where using your phone to pay for a Frappucino may become common. Science fiction movies aside, we seem to trust and embrace tech more than we fear it.”

"Look at Watson playing Jeopardy!," said Keith Springer, president of Springer Financial Advisors in Sacramento, Calif. "People thought that would have been end of days just a few years ago. Now people were upset when he got a question wrong."

Springer said the tech stock boom makes sense, but he conceded that there's some reason to be nervous about the sector. Private companies are raising what seem to be ungodly sums of money.

It's easier to make the case that Apple should be worth $300 billion than it is to say that Farmville creator Zynga is worth $10 billion.

"It definitely seems like an overheated bit of zealousness with some private tech companies. That's a lot like the late 1990s," Springer said.

To view more print and TV media interviews with Keith, visit www.KeithSpringer.com and click the “in the news” link, email Keith@KeithSpringer.com or call (916) 925-8900.

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About Springer Financial Advisors: Keith Springer is a financial planner, a market technician, a financial writer, founder of Top Down Tactical™ and President and founder of Springer Financial Advisors in Sacramento CA, a SEC Registered Investment Advisor. He has developed a proprietary process for successfully building tax-efficient and retirement portfolios and has been providing specialty wealth management services for over 25 years.