The Red Hot NASDAQ Bubble Shifts Out Of Overdrive
3 Reasons This Stock Market Correction Isn’t Over
Only a week ago, the US Technology sector somehow managed to be valued at more than $9 trillion, making the US tech sector more valuable than all European stocks combined. Tesla (currently an electric car company with interesting long-term potential) somehow became the seventh-largest company in the US after announcing a five-to-one stock split. Stay-at-home stocks like Overstock.com went parabolic mainly due to pure speculation and insane predictions by analysts.
Late last week and continuing this week, technology stocks have corrected sharply lower. Some news contributors think this is a normal correction, others believe this might be the start of a more prolonged, long-overdue selloff in technology.
Today, I will discuss 3 reasons why the stock market correction may be far from over.
- The Softbank fallout
- The overestimation of the work-from-home story
- The overestimation of a speedy…
