Money was being thrown at any tech stock that showed momentum no matter the price. Heck, shopify was 150 in november as a great example of this and now its 30.

Money was being thrown at any tech stock that showed momentum no matter the price. Heck, shopify was 150 in november as a great example of this and now its 30. People were buying it at 215x FORWARD earnings. Was there a bubble? There is noone with a conscience who can claim there was not. Is there still a bubble? I think so. I think a combination of current fiscal policy combined with a need for companies to react to their stock price (fiduciary duty to investors) will result in cuts almost everywhere. Stay safe out there.