Folks feast like kings when the cheap money is flowing, failing to realize that eventually the tab comes due. It's what you're seeing happening in Silicon Vall

Folks feast like kings when the cheap money is flowing, failing to realize that eventually the tab comes due. It's what you're seeing happening in Silicon Valley right now. Usually a reality check occurs every decade or so, bringing heads back down to Earth, but I think too many felt that the COVID lockdown lows in the markets were that reset. They then went right back to their old habits, after a brief pause. Just thinking about how long it took to recover from 2000, 2008, etc., it's obvious that we didn't truly have that reset. The lockdowns fundamentally changed a lot, but few people seem to want to acknowledge it. The effects of the lockdowns will been seen for a long time, I honestly do believe. Just my take on it all.