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.