Bad week for technology stocks. Are we in trouble?
Netflix: dropped over $100 per share from $418 down to $316
Facebook: dropped over $40 per share from $217 down to $173.
Even Google has fallen down over $50 per share recently.
Tech stocks have been booming for a long time, but now I'm seeing this. What is happening?
My friends are seeing it, too. One of them keeps bragging to me about how he sold all his Netflix at $402 before it really went off the cliff and down in the low $300s this week. I'm so jealous! He told me he was using his money as a down payment for the new Tesla. I was so mad!
I want to sell it all, but I've been following investing and know that time in the market beats timing the market. I know that. I just wish I could get that money back. How much further can it go down?