Big Tech always amplifies gyrations in the market. Hence, every single one of these stocks (except Microsoft, I just checked) is still beating the S&P 500 over 6 months, even with these drops. And Microsoft is still way up in the long term.
Look, I want meteors to hit them all, but huge swings are the norm for these now. Hotter stocks trade a lot like crypto these days.
its true if you zoom out 6mo to a year+ …most of these tech stocks etc are still way up. but panic in the market make “dumb money” sell. smart money buy cheap…
Big Tech always amplifies gyrations in the market. Hence, every single one of these stocks (except Microsoft, I just checked) is still beating the S&P 500 over 6 months, even with these drops. And Microsoft is still way up in the long term.
Look, I want meteors to hit them all, but huge swings are the norm for these now. Hotter stocks trade a lot like crypto these days.
its true if you zoom out 6mo to a year+ …most of these tech stocks etc are still way up. but panic in the market make “dumb money” sell. smart money buy cheap…
Hum… That’s not a good sign.
Instead, that’s a really strong indication that people believe those stocks have the same kind of fundamentals than crypto.
Tech stocks are overvalued right now because they’re all inflated by AI hype. When that hype finally collapses the crash is going to be nasty.
It’s more an implicit acknowledgment that it’s all a game. Kind of like crypto, roulette, or poker.
It’s all the same casino.
In the long run other countries are going to pivot away from American companies and likely ban facebook, x, etc.