Current Crisis vs. Tech Bubble

I've read about a lot of doom and gloom, and from a stock market perspective they are correct. But the financials, while bad, aren't that bad. Looking at total financial profits, for banks, broker/dealers, etc. with assets above $100MM (about 1000 companies currently), and comparing them to all the technology companies (about 600 companies currently), we see that in aggregate the total losses were larger both relatively (relative to prior profits) and in absolute terms (total dollars lost) in the infamous technology bubble. These are total net income (including extraordinary items). Also, note that in the bubble crash, most tech companies reported losses (ie, 40% had profitability in the depth of the crash), while currently the figure is down sharply, but still most (70%) of companies are reporting positive net income (data through Sep 08, though only about a third of companies have reported for this recent quarter).

So, I'm a bull.