As I'm writing this, the Dow Jones is down 375 points following the 831-point loss on October 10. Technology stocks have been taking a beating, with the Nasdaq down nearly nine percent from its recent high, including a massive 7.9% drop in October.
The selling action reminds me a bit of what happened in early February, when stocks got slaughtered.
Having gone through several major bear markets, I can safely say the world is not coming to an abrupt end, but there will likely be heightened volatility as the Chicago Board Options Exchange (CBOE) Volatility Index (VIX) jumps.
My view is that the technology sector was vulnerable to.
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