NW-Bound
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 3, 2008
- Messages
- 35,712
...Tech goes up and up more, oil and gas and everything associated with these goes down and down more. Grrrr!
The above post was made 2 months ago. Things have changed in the recent weeks, and tech stocks such as Apple, Internet stocks such as Facebook, and biotechs have been beaten worse than the overall market. For example, at this point of writing today, AAPL is down 3.57%, FB down 3.84%, Intel down 9.2%, and but the S&P is down 2.3% and XOM matches it. And XBI, a biotech ETF is down 5.4%.
I'd say we are not too far from capitulation, where people sell everything indiscriminately.
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