You can't keep operating an industry merely on hype and the promise of eventual profitability. We're also now seeing how over inflated peoples' expectations were, along with what happens when greed goes unchecked. So many of the companies that got funding did not have sound business concepts. We're also seeing something like a revenge play by traditional Wall Street. There's a bigger issue here, though.
Uncertainty is everywhere.
The uncertainty of the presidential election seems to have spilled over into our everyday lives. Fear is palpable. Prevailing wisdom says that we're not going into a recession. Others say it's just a matter of time before things turn around. In case you were anticipating advice from me, I offer little to none.