05-05-2021, 05:39 PM
DASH is trash. AAPL, ADP, AMZN, BABA, CSCO, GOOG, INTC, MSFT, ORCL, PLTR, PYPL, SQ, and dozens of other tech companies are not. This isn't the late 90s where almost everything listed on the NASDAQ was a purely speculative play with no profits anywhere to be seen. It's just standard sector rotation.
Tech should continue to be where the growth is for quite a while. It has been one of the brightest spots in the economy for the past 20 years, and should continue to outperform for decades to come.
Railroads remained a pretty lucrative investment and high-growth industry for roughly a century. Hard to imagine now with industrials being so cyclical, and just following the rest of economic activity around, but industrials were the IT of their day once the U.S. began industrializing in earnest after the Civil War. The industrials boom didn't start to taper off domestically until the 1960s. It succeeded in taking us from a majority rural and agrarian population to a majority urban population with necessary supporting industrial output to sustain that. Took a very long time to build out the infrastructure, and was extremely profitable.
From a long-term perspective, we are still in the first innings of tech being the primary growth engine of our economy. Lots of wealth creation still to go.
Tech should continue to be where the growth is for quite a while. It has been one of the brightest spots in the economy for the past 20 years, and should continue to outperform for decades to come.
Railroads remained a pretty lucrative investment and high-growth industry for roughly a century. Hard to imagine now with industrials being so cyclical, and just following the rest of economic activity around, but industrials were the IT of their day once the U.S. began industrializing in earnest after the Civil War. The industrials boom didn't start to taper off domestically until the 1960s. It succeeded in taking us from a majority rural and agrarian population to a majority urban population with necessary supporting industrial output to sustain that. Took a very long time to build out the infrastructure, and was extremely profitable.
From a long-term perspective, we are still in the first innings of tech being the primary growth engine of our economy. Lots of wealth creation still to go.