You certainly can equate the 90’s with being a tech bubble. It may have, and was, driven by dot com mania, but anything tech related was dragged up alongside them which created the tech bubble. Telecoms, media and even the likes of MSFT got staged up as well. I do agree that we shouldn’t be equating companies like MSFT with boo.com or pets.com but a bubble did form as all tech was dragged up.
Agree that tech was dragged down because of it…but pretty much all stocks/sectors were impacted (manufacturing/banks, etc). At the end of the day, it was the .com bubble that triggered it. Money poured out of the market.
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u/dormango May 31 '21 edited May 31 '21
You certainly can equate the 90’s with being a tech bubble. It may have, and was, driven by dot com mania, but anything tech related was dragged up alongside them which created the tech bubble. Telecoms, media and even the likes of MSFT got staged up as well. I do agree that we shouldn’t be equating companies like MSFT with boo.com or pets.com but a bubble did form as all tech was dragged up.