This is really mirroring the dot com era. Of course, that was also bigger than just the market. There was a time when businesses went under and companies filed for bankruptcy. Employees were let go as many just tried to survive.
In this video I discuss how none of this is a barometer on the industry. The long term viability is going to improve. It is more of a cleaning out process which is needed. We will see a stronger industry by the time the next bull market kicks off.
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