Do your respective company boards tend to understand that the entire market is in upheaval or us there finger pointing and blame launched at your respective leadership teams? I'm a bit disappointed in my own PP board on that front. Not one CEO or group of leaders in individual companies can "fix" the stock market. We are in this shit period for a long time - for me I'm not leaving my company - it's too nuts out there ( just read the Zendesk news - one of many where wealth wiped away) and I don't feel like gambling anymore. Be wise. Learn to save money. Keep learning. Exercise. Meditate. And let's hope this time next year there might be a sliver of hope for a turnaround. If I did leave I would probably leave this space entirely and look into biotech, pharma, medical device. TC🥜
Apparently nobody has working experience between 2000 and 2019. Commuting to work was a thing, jobs were difficult to get and you had to work hard at keeping them.
The boom probably started around 2010
It's amazing how ignorant most people (even high earners) are of the cycles of our economy and how supply and demand works. You give everyone free money at the same time supply chains are interrupted/paused by covid... You add regulations to the fossil fuels industry at a time where oil production is hampered... Not being political here, but we are too focused on virtue signaling and voting demographics. Our leaders are clueless. Also we've been in a 13 year bull market.
I could not have said it better, Microsoft.
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I dont think we are in a shit period. We were just living in a fantasy world these past 2 years where money kept being printed left and right and everything was artificially overvalued. Now we are just sobering up from last night so to speak. It just seems like shit because last night was such a high Software engineers making more than surgeons was never a sustainable long term model
Agreed / I'm referring more to so many companies in our sectors losing 60+% of their market capital is taxing on the economy
^this. I told all around me exactly that: there is something wrong when people at times without college education change config files and have steady income above a brain surgeon. The party is over and there will be some carnage over the next 5 years.