Time flies, we have seen a very volatile market while entering 4th Qtr of 2020, where the tech-heavy Nasdaq Composite dropped nearly 6.2% (from the highest point of 12,074 achieved on 2nd Sep 2020 ) its biggest percentage declined since June 11. But I think this pullback is quite normal with a market which already increased by almost +82% since low in March 202, as it reflects the “ reverting to mean “ to some extent.
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Technology stocks have been among the leaders in the broad market rebound since March and it looks like the sky is the limit with such magnitude of increased in the past few months. We have seen the “decoupling “ of “Wall-Street vs Main-Steet “since the pumping of trillions of easy money into the stocks and bond markets ( as well as commodities market like gold and silver, or even crypto). Overall, stocks have soared since March despite the worst economic slumps and highest “unemployment” figures reported by most of the countries....