To be sure the stock market values high tech companies so highly (incredibly, Microsoft ranks second in terms of market capitalization, lagging only Exxon), partly because of their high profit margins and prospects for future growth.

FORBES: Black gold

And in Hong Kong the view seems to be that buying stock in a high-tech start-up is akin to purchasing a lottery ticket.

FORBES: Lessons on Start-up Commons From Hong Kong And Singapore

High tech companies like Broadcom, rely on stock options to compensate talented employees who want to align their compensation with the success of the company.

FORBES: Former Broadcom CFO Bill Ruehle's Fight For Justice And His Victory (Book)

Kyocera, owned by billionaire Kazuo Inamori, also saw a 3% stock decline along with other high tech companies like Canon and Sony.

FORBES: Japan Quake Fuels Economic Uncertainty

Very quickly, the price of this and other dotcom stocks started heading south, and other high-tech hopefuls found it impossible to get a stock market flotation.

BBC: Is the air escaping from the tech bubble?

The high-tech explosion over the last 20 years or so has minted stock-option millionaires by the thousands.

NPR: The Few, the Tech-Savvy Few: Option Millionaires

For all these reasons, Levy is keeping more than 50% of his assets in Treasurys, and advises using any rally in the stock market to unload equities, including once-high-flying tech stocks that have fallen like lead.

FORBES: Leon Levy Says Sell on Strength

Their stock prices would rise above the mass of boring old blue chips and follow the high-flying tech stocks.

ECONOMIST: A survey of E-entertainment

The SME board was launched in 2004 to assist smaller growth companies in China to raise capital, and the Shenzhen stock exchange added the ChiNext board, a NASDAQ-type exchange for high-growth, high-tech start-ups, in 2010.

FORBES: China's Capital Markets At An Inflection Point