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THE BOTTOM LINE: Don’t worry about a tech bubble — worry about 1 million retail jobs instead

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This week:

  • The tech sell-off of last Friday that continued into the beginning of this week left many people wondering if we are looking at the beginning of another tech bubble burst. Henry Blodget looks at the valuations and the broad market versus tech. He explains how this time really is different.
  • Barclay's strategist Ryan Preclaw explains some of his recent research on how much "right-sizing" needs to be done in traditional retail. Preclaw estimates that brick and mortar retail capacity needs to come down more than 10%. This would imply 750k to one million jobs being eliminated according to Barclay's model. 

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