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This feels a lot like deja-vu for me from the dot com days. After all Tech was a huge part of the economy, and big swings in tech were seen as big swings in the
by ChuckMcM 8y ago
This feels a lot like deja-vu for me from the dot com days. After all Tech was a huge part of the economy, and big swings in tech were seen as big swings in the economy.
Except that much of tech is fashion, like skinny jeans fashion. That people become disillusioned with the latest "cool" platform and then move to some other "new" platform is like the tech equivalent of the circle of life. Actual engineering, like new kinds of computers or appliances that were not possible before but now are, Etc is a relatively small part of the 'tech' stock makeup.
I note that after the dot.com crash there wasn't a lot of talk about how hard it was to find a house in the Bay Area, so you might have that to look forward to again.