It amazes me how many companies have imploded after 6 months of high interest rates. The market has grown consistently for 11 straight years (the longest bull run in history). You'd have thought companies had at least some cash reserve.
The US tech sector especially just seems like a case of borrow as much money as humanly possible to grow as fast as humanly possible, then immediately implode the second there's a market downturn.
@malwaretech When I was last in that sector (the late 1990s), there was a distinct hope that there would be a "sell the company to a rich multinational" step sometime before the final step. There usually wasn't.
