TECH STOCKS GET KILLED! - Has the Stock Market Correction Started?! | Summary and Q&A

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June 9, 2017
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Financial Education
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TECH STOCKS GET KILLED! - Has the Stock Market Correction Started?!

TL;DR

Tech stocks suffered significant drops in the market, and Jeremy welcomes this as a necessary correction.

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Key Insights

  • 💦 Tech stocks suffered significant drops, indicating a market correction.
  • 🛀 The Nasdaq, in particular, has shown excessive levels of overvaluation.
  • 🧚 Jeremy emphasizes the importance of a fair or undervalued market rather than an overvalued one.
  • 🍉 He acknowledges that short-term pain is necessary for long-term gain in the stock market.
  • 😘 Jeremy hopes for further drops in the market, which would enable investors to buy stocks at lower prices.
  • 🥺 Taking advantage of market corrections can lead to higher profits in the long run.
  • 🙈 The drop in tech stocks is seen as a positive development for Jeremy, signaling a much-needed correction.

Transcript

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Questions & Answers

Q: Why is Jeremy pleased with the decline in tech stocks?

Jeremy believes that the stock market was overvalued, and a market correction is necessary. He thinks it is healthy for stocks to experience dips so they can reach fair valuations.

Q: What are some noticeable tech stocks that experienced significant drops?

Stocks such as Google, Apple, Facebook, and Micron Technology all saw notable declines, with some dropping around 4-8%.

Q: Why does Jeremy think it is important to embrace short-term pain in the stock market?

Jeremy believes that in order to achieve long-term gain, investors need to be willing to endure short-term losses. He compares it to other areas of life where short-term sacrifices are made for long-term benefits.

Q: What is Jeremy's stance on the current valuation of the stock market?

Jeremy believes that the stock market is currently slightly overvalued, and he would prefer a market that is fairly valued or undervalued.

Summary & Key Takeaways

  • Jeremy expresses his satisfaction with the drop in tech stocks, as he believes the market needs a correction from its overvaluation.

  • He points out that many stocks, including Google, Apple, and Facebook, experienced notable declines.

  • Jeremy emphasizes the importance of taking short-term pain for long-term gain in the stock market.

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