O.K., so for you market followers, yearly charts of the DOW are a measure of human productive capacity. Regardless of what it is, we are at a turning point of some sort. Prior to the industrial revolution, we had a commodities boom, and when that busted, it fed the manufacturing boom (low commodities prices as inputs into manufacturing). When the manufacturing boom busted, it equivalently fed the industrial revolution (cheap labor), the industrial revolution turned labor into skilled labor and increased knowledge which increased technology dramatically.
Now, they said technology would hurt us and that is why it should be implemented slowly into the economy and we had a huge tech boom. Well, you can only get so productive with technology and the stock markets are a gauge of mass production. The more and more you increase technology, it's productivity decreased; it's called diminishing marginal returns.
All the growth since the 60's has been due to technology, so what now? Is this why the government is doing everything it is doing, for a New World Order? Republic? Pretty crazy. If technology were to become non-productive, its sole existence would be pointless in terms of economic thought. Now, If technology/industrial revolution were to bust completely, what then would that feed? I don't think that would feed anything. Our entire lives have led up to technology. Movies like “The Matrix” and “Terminator” have been hinting at this demise.
If this bubble were to bust, let's speculate for a moment: technology would then become very cheap (this has been happening. Go buy a laptop and you'll see). It will keep dropping in price until it knocks tech giants out of the game, who cannot produce when marginal revenue is below fixed costs. This would help level off the tech prices and leave the big guys in. What would this feed? Another self-fulfilling technology cycle where people buy cheap technology to make more technology that renders itself useless.
I think the Mayans used Elliott Wave Theory and predicted this trend based on human productive capacity and the capacity for natural self-sabotage. Not a doom and gloomer – just a logical person trying to find the truth.