CRM, MSFT, APPL, AMZN, FB all are tanking today by 4% -7%. Any specific reason?
Either correction or beginning of a recession. For now still in the correction margin.
Hope it's a full detox for the economy.
Profit booking by large investors.
Profit taking.
Interest rates rose, growth stocks in general suffered, sell off in tech as most investors were likely heavy there from the past few years
I thought “rise in interest rate” was already accounted for in the past 4 days.
Wait till it's 47%!
42
In hex?
And what about underpaid like you? Going to be broke?
Wow! Since when SAP started paying above average 😳 must be sucking someone pretty hard?
I'd like it to stay down till we get our stock topups in the spring...
I thought stock refresher was very bad at Amazon?
Not if the stock is low
Tech stocks are “overbought” (yes, that is a trading term). But it’s easy to see the all sectors are dropping, though tech is outpacing for now. That rotation of capital is overdue anyway.
FB and AAPL are still in reasonable territory. AMZN, NFLX, GOOG, CRM are not - big sell signal on these today. Let's watch... If we get an upward spike in DOW of more than 550-600 tomorrow, we're screwed.
Why an upward spike being a bad thing?
Biggest gains happen in a bear market. If we get a record jump this week instead of stabilizing, we'll get even more profit-taking next day.
Trump is going to screw all these left leaning companies
If anything unclear is happening, blame Trump
could it be that growth could be stagnating at these companies, potential regulation and the valuations in the sector are too high? 🤑😎