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> Is the Party Over? For now. > How do people over the age of 35 maintain optimism in what is clearly 2001 all over again. People over 35 have seen bear mark
by spicymaki 4y ago
> Is the Party Over?
For now.
> How do people over the age of 35 maintain optimism in what is clearly 2001 all over again.
People over 35 have seen bear markets before 1980-1982, 1987, 2000-2002, and 2007-2009. Quantitative easing had flattened out typical market cycles for years leaving people unprepared for market contractions. Now post-COVID we are getting our first bear market in over 15 years and the Fed can’t save us because more inflation would inflationary spiral. The market will change in the future and companies will start hiring again, but in the meantime you might have to take a job you don’t want in an industry you did not see yourself in.
- boring_twenties 4y ago> People over 35 have seen bear markets before 1980-1982, 1987, 2000-2002... Yes, how could a 35-year-old forget those bear markets that happened when they were 13, 0 and -5 years old...
- spicymaki 4y agoFair enough! I do have coworkers nearing retirement that would have seen all of the above bear markets. If you were around for at least the 2001 (dot com bust) and the 2008 (financial crisis) you should know better than to think this is the end of tech. Best to steel up.