Allen
Hotshot
Joined: Oct 1999
Posts: 8,854
Ohio USA
Quote:
Broad Technology Sector Selloff hits Nvidia, AMD and Others
..Technology Selloff : What’s Going On?!
Looking at the S&P 500 and Dow, it’s pretty clear that there is a big sector rotation game going on. Tech is down with people piling into financial, energy and industrial stocks...
The stock market is for "Day to Day Trading" -- only rarely "Long Term Investing". "Trading" means "be ready to jump in or out" -- buy low, sell high, get the profit while its still there to be had. Perfect timing is rare -- so one could always make more or lose less -- if one could "read the future" accurately.
Since we print when AMD is headed up. Here's an article about how the whole sector is making a downward adjustment after huge growth over the last few months.
Personally, I see the Stock Market as being in a serious bubble, currently -- partly driven by Federal Reserve policy. The policy is not something that can be continued indefinitely -- already gone on too long. When they stop their policy, we may have a serious crash (many are predicting such a thing sooner than later). We'll see.