> ... what do you think would happen to the stock price of high flying growth companies that don't even make a profit?
They're already down as much as 80%. If I were looking around today, I'd kill to join one of those high growth tech startups with a solid balance sheet that just got the crap kicked out of its stock.
Pretty much none of them have a solid balance sheet, though. They are all selling hopes and dreams. When something is overvalued by a factor of 100 and goes down 80% it's still overvalued by a factor of 20.
