The market has cratered recently in a classic “toss the baby out with the bath water” scenario.
My belief is that the future of American innovation and American success is very much software-centric. I was planning on writing a post on this theory but then stumbled into this excellent essay in the Wall Street Journal that echoes my sentiments.
If you are not familiar with Marc, here is his bio: http://en.wikipedia.org/wiki/Marc_Andreessen
I.M. Optimism Man