PoopingIsAWorkout4Me t1_ixg441b wrote
Reply to comment by Less-Dragonfruit-294 in 2021 vs 2022 Market cap change in the Tech Industry (Top 10 tech stocks by market cap as of 21 Nov 2022) [OC] by Savoy_Cabbage
Still baffles me that people don’t understand the macroeconomics behind this, and they think “ugh, market is broken!”
It took the Nasdaq ~16 years to recover to levels seen in 2000 before the dot com bust. This time, we’ll see, but boy if people think that after this reversal of record cash infusion, fed buying and interest rate increases that the market will recover in a year or two, they’ve got something else coming to them.
Imo, look at the 1960s. That’s what we’re gonna do for the next decade.
Less-Dragonfruit-294 t1_ixg7e6m wrote
Dude anyone who thinks that we’ll be okay is living in a fantasy.
PoopingIsAWorkout4Me t1_ixhgl1a wrote
We will be, but it’s gonna take a looonnngg time
Viewing a single comment thread. View all comments