Jul. 29 at 3:08 AM
$SPY Welcome to all who missed what the dotcom bubble burst was like. Sure these companies have real earnings unlike many in 2000-2001, but stocks like
$GLW,
$ORCL,
$SNDK and many other big names are down as much as 50% in just the last month. Smaller tech stocks in space, quantum, a.i. chips, photonics are down 70% or so from their 52-week highs. It ain't over. Kospi down another 5% tonight,
$SFTBY down 7%. We are possibly looking at a near total washout of retail investors similar to 25 years ago. Many will never come back and start saving for a downpayment on a home instead of going to the casino. That's when it is time to start accumulating. There will be many "bird's nests on the ground" from which to cherry pick at rock bottom valuations.