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Originally posted by Greedy,Greedy,Greedy
Weren't you there?
As to tech, there was no drop in demand; there were products being developed with the goal of creating a demand. The demand materialized more slowly than anticipated.
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I don't mean demand for products or general economic demand, I mean demand for stocks.
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For the real estate game, it was a question of when the capital would run out. The tax code changes were in part resulting from a recognition by the Dems and Republicans (remember, they were pushed and signed by Reagan) that the incentives were dreadfully alligned for long term growth, and those changes just accelerated the inevitable.
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But this is exactly my point. If an additional $30 billion is coming in each month, it should mitigate any drop in demand.
