Here's how I see the current market correction and virus situation as compared to the dot com crash of 2002.
Markets were over priced in both cases. During the dot com it was much crazier and prices crashed a lot. This time its not so crazy, so stock prices may come down less.
During the dot com burst, the 911 disaster weighed heavily on psychology. Now it is the virus.
In both situations real estate prices in tech areas were crazy. This time the prices are even higher. So more of a price drop in real estate?
A lot of tech people lost their jobs in the dot com burst. This time somewhat less?
So, the way I see it, we have a lot more down side for a lot longer to go - basically agreeing with the article.
[+] [-] 100-xyz|6 years ago|reply
Markets were over priced in both cases. During the dot com it was much crazier and prices crashed a lot. This time its not so crazy, so stock prices may come down less.
During the dot com burst, the 911 disaster weighed heavily on psychology. Now it is the virus.
In both situations real estate prices in tech areas were crazy. This time the prices are even higher. So more of a price drop in real estate?
A lot of tech people lost their jobs in the dot com burst. This time somewhat less?
So, the way I see it, we have a lot more down side for a lot longer to go - basically agreeing with the article.
Opinions?