Tech giants lost more than $1T in value in the last 3 trading days
> Investors now have less interest in what drove business during a strong bull market in recent years, including during the pandemic, and are now pushing more money toward safer pockets of the market
> Apple, the world's most valuable public company, has shed $220 billion in value since the close of trading on Wednesday
It's like a puryfing rain to wash away all the financial sins of the past 13 years.
The valuation was never rooted in reality. Are the price/sales ratio back down to reasonable yet?
Pension funds dumping their tech investments?
Looks like the bubble is finally popping.
It’s not a bubble. This is seasonal.
> “Sell in May and go away” is an old Wall Street saying that suggests investors sell their stocks during the summer to avoid a seasonal decline in the stock market.