Chris3403 - OOPS, The market fell hard Friday.
And the futures are down this evening. I'm getting out of everything, winning or losing. I want to go to cash in the mattress, stock up on dry foods before the commodity spike hits the grocery stores, and buy things to keep my professional skills sharp during the crash. I'll build intellectual capital or a company while others are wondering what happened. Technology takes a relatively long time to learn and develop. The last 15 years tech products and services have been released with too many bugs or defects. The future consumer won't tolerate those mistakes.
The cost of software and computers, and other technology are still relatively inexpensive. After the crash they will become very expensive, or unavailable. A chicken and egg problem will develop: how does one gain technical skills if they can only get them through a company, and how does one get into a company if they don't have the technical skills. Collages won't be training enough students the next 4 to 5 years as the bond market for student loans is collapsing. Fewer companies are hiring recent grads. New hires are being downsized with the rest of the workforce. Knowledge capital will be at a premium when business does want to expand 5 to 10 years from now.
