retired, the problem I have with the *its different this time* pov as far as a tech bear market is concerned, is that I have been through two of these mini-tech bears before- very close to the companies involved and most don't have that kind of experience. The first tech froth and crash period I went through was when I was a student at berkeley in the mid-80s, everyone and their cat was getting these huge, high paying jobs out of apple computer and ariba(?- that can't be right, it was computer) etc. Then a crash, apple stock fell from 65 to 5, kaypro and all those others went away etc. Next when I graduated at Oracle in 1990, database companies red hot and oracle/sybase etc crash from the 50s to 4.
The difference between the 90 tech crash and today is that the internet is 50x as big of a deal, imo. The froth is gone now just like britton lee and powersoft and all those database companies in the early 90s went away, merged etc. But the winners remain and slowly start to build and some eventually retake their highs and more just as oracle did after their crash. The question is who are the big winners for the next phase- light reading likes brcd, brcm, qlogic, csco- those sound like as good a bet as any.
A lot of us database people were out of work in 90 just like the internet people can't find work today its just that there were fewer of us and we didn't bring the entire economy down.
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