/biz/ - Business & Finance

>>19961237
No. You misunderstand what is essential and how much these companies have been inflated past their fair price. We might need the software and hardware these companies produce, but they can only make the levels of money they currently operate at by encourage people to buy new products every year (sometimes the time frame is even shorter) at an absurd markup from what they paid for it. All tech companies are valued so high due to momentum and excess consumer spending. As well, the modern world needs cars to function, but car companies can go bankrupt due to a lack in demand. People will not spend money on products they don't need and will hold on to old things. All of these companies operate on a margin, miss those margins by a couple percent for a couple years and suddenly these massive companies don't look so healthy. Tech is not immune to the laws of supply and demand.
>>19961387
>just looking at my own firm, we went from the entry level grey collar positions requiring 1 year of experience to 5 years
And for the foreseeable future that barrier of entry will remain high. When I see stuff like this it makes me start to believe we could blow past March lows.
>these corps will all get what's coming in one way or another.
I hope.
>>19961438
The rally we just came out of was an omae wa mou shindeiru moment.