Had a chat with a legendary soonicorn founder yesterday evening and his take was that we are definitely not getting another bull run this decade.
I obviously think more optimistically and hopefully things will look up soon.
What do you all think about this tho?
Look on the bright side the housing market or the stock bubble did not collapse and all of us(well ~75%) still have our bit inflated salaries. If shit went south half of us would have lost jobs and it would take 2 years to recover from the depression
Now we just have to deal with middle class crippling inflation and slow job market for 1-2 more years 🥲
@Elon_Musk That is very true actually. Even though we might be Meme-ing but India was one of the few countries that showed extreme fiscal prudence during the pandemic and beyond.
This has allowed our economy to stay strong despite global headwinds.
Lol. Give me some of that copium buddy.
Also please dont look at RBI data (especially their FEMA/Foreign exchange data) like I did. You will have sleepless nights
We’ll 100% see another bull run. It’s just a question of when.
Hopefully sooner rather than later, only a bull run can fix me…
Pessimists sound smart, optimists make money 💰 talented folks who know how to bring impact to the table will continue to find great opportunities. Same with freshers who dont mind a few grind years.
@PastElevator Ofcourse. No one discredits that. But the general sentiment will prevail leading to short term pain.
No more free lunch No more 3 yrs of experience directors No more 60lpa engineers who take 4 sprints for basic shit No more dead-on-arrival startups being funded
Right sizing of the overall sector which is useful for all in the long term.
Only folks having a problem now are either ones who are overpaid vs their contribution …. or those who want to ‘manage’ others vs doing what it takes to get the job done
Bull runs and depressions are cyclical. each big crisis has followed up with a big bull run in general. and vice versa. However this time it feels different. the 90-2020 era in the world was broadly the safest ever in human history. Historic global growth, and fewer global conflicts (at least for the developed world) all helped. It seems to be unravelling.
Businesses need stability and consistency. right now political judicial and executive uncertainty rules across the world.
The next 3-4 years seem tough and unlikely to see the same employment levels as before.
@Baingan it’s actually a very interesting point of view. Some of which I concur with. However, I see one corollary in the India story with Japan in the 1980s.
We might be on the precipice of something that might bewilder most of us.
Did you forget the Asian financial crisis?
The past phase of easy money is not coming back. Nobody is (I hope) foolish enough to pump money for growth at all costs all over again. There is a lot of dry powder sitting to be deployed. It won't be deployed on random businesses which have no clarity of purpose or sound business models. The fantasy world and euphoria of rosy returns which existed on the back of cheap capital is unfortunately behind us.
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Any opinions or guesses on when will the tech bull run will start again in short when this recession will go away and market will be stable?
Everything seems to indicate that this is the beginning of an extended bullrun till the elections. What is the game plan? Personally, I am all in. First time since 2020, that I have a net zero cash position.
Sab laga do bhai.. election ke bad saturation aa jayega
