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by UncleOxidant 689 days ago
> This all seems to be quite an overreaction in the market.

This is the problem with our current brand of capitalism. It's only able to look ahead a quarter or two. Some things (like semiconductor fabs) require a huge amount of spending and the payoff doesn't come for about 5 years. And things like fabs are very necessary to keep our economy rolling. Meanwhile the markets want a quick fix and easy payoffs.