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Oh no the market has corrected to 2019 levels because the ridiculous amount of free cash has stopped! Clearly the era of tech is over and we should all wrap up

Oh no the market has corrected to 2019 levels because the ridiculous amount of free cash has stopped! Clearly the era of tech is over and we should all wrap up and go home. I don't think there is anything substantial here to suggest this is anything other than a normal recession and even if this was like the dotcom bubble, these companies aren't like dotcom era startups. They're massive behemoths intertwined with the fabric of American society, not to mention their warchests make most other companies blush.

hinkley 4y ago
2005 was a pretty shitty time to be in software. I could do without another one of those. If we avoid that level of suck for another 10 years I can just take early retirement.
- htkibar 4y ago
  Tech is much more integral to our lives than ever. I think what we might see instead is earning decreasing to a certain extent though. Non-FAANG type of companies still need plenty of tech; and they tend to pay decent enough.
time_to_smile 4y ago
> I don't think there is anything substantial here to suggest this is anything other than a normal recession Then I'm guessing you haven't been paying much attention to anything. Have you seen what's happening in the bond market these days? Looked at the insane actions the BoE is taking coupled with their insane tax policy? Have you seen the rising dollar are you aware the threat that makes to the entire global credit system? This is literally just getting started.
- ianbutler 4y ago
  I don’t know that I’m particularly concerned about the UK causing a global economic crisis. I am aware of what’s happening with them, I’m currently vacationing in Ireland so it’s been on the news but I just don’t know that the UK will be anything to cause larger global consequence. I was not aware of the US bond market crumbling, and having a quick read it doesn’t seem to be, it seems to be a consequence of the fed raising rates which will obviously not continue indefinitely. To be honest it still seems like a normal recession but with a bunch of hyperbolic news headlines attached.

hinkley 4y ago

2005 was a pretty shitty time to be in software. I could do without another one of those. If we avoid that level of suck for another 10 years I can just take early retirement.

htkibar 4y ago
Tech is much more integral to our lives than ever. I think what we might see instead is earning decreasing to a certain extent though. Non-FAANG type of companies still need plenty of tech; and they tend to pay decent enough.

time_to_smile 4y ago

> I don't think there is anything substantial here to suggest this is anything other than a normal recession Then I'm guessing you haven't been paying much attention to anything. Have you seen what's happening in the bond market these days? Looked at the insane actions the BoE is taking coupled with their insane tax policy? Have you seen the rising dollar are you aware the threat that makes to the entire global credit system? This is literally just getting started.

ianbutler 4y ago
I don’t know that I’m particularly concerned about the UK causing a global economic crisis. I am aware of what’s happening with them, I’m currently vacationing in Ireland so it’s been on the news but I just don’t know that the UK will be anything to cause larger global consequence. I was not aware of the US bond market crumbling, and having a quick read it doesn’t seem to be, it seems to be a consequence of the fed raising rates which will obviously not continue indefinitely. To be honest it still seems like a normal recession but with a bunch of hyperbolic news headlines attached.