[quote=sdrealtor]Finding bubble articles about the dot com and Silicon Valley is such easy fodder. Problem is the area has been one tech boom after another for the last 40+ years and its not about to change anytime soon. Imagine what would be going on up there today if the country wasnt in one of the toughest downcycles in the history of the USA. What will the next tech boom look like when the country returns to sounder footing?
Pessimists always see the glass half empty. Optimists always see it half full. I just see half a glass that I’d like to drink.[/quote]
If the country (and world economy) wasn’t in such dire straits, interest rates wouldn’t be this low and investors would have more (and better?) investment opportunities that might not be at all related to tech. Nobody knows what it would look like, but I don’t think we’d be seeing these valuations in tech if the economy were better and interest rates were normalized. I could easily be wrong, though.
I prefer to think of myself as an optimistic realist. 😉
