Obviously the tech stocks have been hit hard over the last few weeks, but I don't think most people realize that this actual downdraft began in September of 1995, ... These stocks have been getting hit now for 6 consecutive quarters and they have underperformed the market. I think most of its coming to an end.
Quotes about downdraft (4 Quotes)
It seems that the technology sector bore the brunt of the downdraft, partly reversing the swell of optimism we've seen in the last couple weeks,
I wouldn't read too much into today's downdraft, but how holiday sales come out is going to be key, and that would drive the market.
This condition will last through the New Year and has given the technical picture a decidedly negative bias. Any bargain hunters have certainly been given pause by yesterday's action, although the low volume probably exacerbated the downdraft.