It is quite true - both bubbles represented market speculations that outstripped the underlying financial realities. And I believe the reverse can be said that the massive corrections after both bubbles burst are also results of investment confidence dropping below the underlying financial realities. We in the IT sector are very lucky these bubbles didn't align or the bubble bursts may have been much much more severe.
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It is quite true - both bubbles represented market speculations that outstripped the underlying financial realities. And I believe the reverse can be said that the massive corrections after both bubbles burst are also results of investment confidence dropping below the underlying financial realities. We in the IT sector are very lucky these bubbles didn't align or the bubble bursts may have been much much more severe.