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Lots left to go down. Think of the global events right now - all we need is one or two more destabilizing events and we're in a bigger heap than we are currently.

The bubble may have burst but doesn't mean you've bottomed. Still haven't seen many companies go belly up or VC fund shutdown. All we've seen is valuations drop and some layoff but not big layoffs and also the valuation dropped from their spectacular highs so its all relative.



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