The IT bubble didn’t just ”pop” overnight. It was a peak and then around 2 years of bear market.
And that’s how I think it’s gonna happen this time too, no black swan event that leads to -60% overnight, but just lower and lower market interest leading to a successive reevaluation of the market to more reasonable levels.
All the big tech stocks have been trending down for months after the bull run, how likely are we simply past the peak?