OKay, OKay, I understand that "new" economies are more risky and subject to change, but that would lead one to believe the NASDAQ is the place to invest. The NASDAQ lost about 50% of its value in the 1987 crash, 50%. It's been a decade since then. One would think that the tech-industry, given that US [sic] corporations have shipped most of the production off shore, would have matured somewhat by now.
Perhaps, a smarty-pants would argue that, by it's nature, high-tech industry, our "new economy," is rife with uncertainty, and thus rife with growth 'potential' and volatility. Our economy will, for the foreseeable future, be the new-technology leader; that will be our role in the world. Great! We're sooo cool. USA is on the cutting edge. We can ship dirty old industries off shore, and focus on the new innovative stuff!
OKay. I'll buy that. But, if that's the case, isn't our economy subject, for the foreseeable future, to the volatility that is the nature of high-tech industry?
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