All Eyes on the Tech Sector
I shared my thoughts and analysis on the “typical” bear market last week. There is no “typical” bear market for two reasons: The range of outcomes during historical bear markets has been so wide. Each bear market has its own unique causes, triggers and effects. The cause of the 2008 financial crisis bear market was excess speculation in the U.S. property market — namely, house “flipping” and super sketchy mortgage lending, which then got packaged into even sketchier mortgage-backed securities.
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