Yes, the technology and Internet boom of the late 90s is over. Yes, those who invested in the Nasdaq are getting to see what a bear market looks like up close and personal. It was a bubble, it burst. Welcome to life in the real economy instead of Fast Company s New Economy wet dreams.
Life isn t that bad.
I know some of you who thought stock options would see you into lifestyles of the rich and famous are hurting now. And let s not forget the people who ve lost their jobs. But and here s the important part it s not that bad. This isn t the Great Depression, this is the great technology hangover. First, as I think everyone knows now, stock options were not a golden shortcut to wealth, except for the lucky few at the right companies at the right time.