Stocks have plummeted 10% since my post on Tuesday. Commentators have blamed Cisco's disappointing earnings, higher jobless claims, and the realization that hey, we could be in a recession! But really, all that (except for Cisco, but tech stocks have been emitting mixed signals since late spring) has been known for months. What new information could possibly have come to the market's attention on Tuesday and caused investors to revise their outlook downward? It's a mystery.
No comments:
Post a Comment