Re:Bank of England expects UK to fall into longest ever rece...
by onlyrealcuzzo on Thursday November 03, 2022 @03:28PM
(#33456148)
The US economy != tech meme stocks.
Small cap tech stocks were literally worth 10-20x their present values. They hired like crazy (chasing more of that funny-money growth). Now they'll need to cut back some since the funny-money valuations are gone.
I wouldn't try to connect the dots and come to the conclusion that doom & gloom lies ahead.
Small cap tech stocks were literally worth 10-20x their present values. They hired like crazy (chasing more of that funny-money growth). Now they'll need to cut back some since the funny-money valuations are gone.
I wouldn't try to connect the dots and come to the conclusion that doom & gloom lies ahead.