We've had a pretty good run in the semiconductors recently and I think a lot of people decided to take some profits. There wasn't much going on when it was going higher. Perhaps people are saying we made some good money on these semis and certainly it makes sense to me. I wouldn't trade this market until I see what the Fed says. |
What you have here is a revaluation of the technology sector to more reasonable levels, rather than a mass panic. |
You have to be completely deaf, dumb and blind to think that anything with '.com' on it is your ticket to fame and fortune. |
You might see some relief (on Wall Street) after the G7 meeting. |