I am a realist, the consumer web stocks are one of the few sectors that haven't crashed this year, (amzn and ebay)- in fact, amzn is practically a double from sept lows even now, and he has been higher. It is the capex-led business side that has collapsed. Did your post mean to imply this isn't the case?
Perma-bears are just as bad as perma bulls. I just read a post on one of the trading (aka bear) threads that said "every" sector of the economy has collapsed: Airlines, trucking, shipping, air cargo, retail sales, computers, semis, optical, telecom, office real estate, farm implements, aerospace, taxis, software, consulting, fast foods, tourism,
There are less than 5 distinct economic sectors listed above. Capex-led tech is the largest with computers,semis,optical etc (highlighted in bold). That is one group and it is in trouble, as is office real estate that caters to the tech industry (other real estate is fine and booming). Retail is excellent, fast food is fine. Food/farming as an industry is excellent. Airlines and tourism are bad but this is mostly 911-related. This is the reality, a mixed demand picture and no double dip (yet). Same with technology, the consumer web business is outstanding while the business side is collapsing.
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