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Tech stocks are getting hammered (again)
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[QUOTE="Alex Wilhelm, post: 2304"] I have a run of internal meetings starting in 15 minutes, so we have to be quick, but tech stocks are taking body blows yet again today. A [URL='https://techcrunch.com/2021/12/02/lets-talk-about-the-saas-selloff/']selloff earlier in the week had us taking note[/URL]. Today cements our raised eyebrows. And when we say tech shares are under attack, we are not only pointing out that DocuSign has lost [I]more than 40% of its worth thus far today[/I], or that the Nasdaq Composite is off 2.5%. SaaS and cloud stocks are off 6.5% today after declines earlier in the week. They are now in a technical bear market. That matters! Yes, things could snap right back. But they may not. The first inning of a correction, or just another blip? [IMG]https://techcrunch.com/wp-content/uploads/2021/12/Screen-Shot-2021-12-03-at-12.15.00-PM.png?w=436[/IMG] Context. [B]Image Credits:[/B] TechCrunch screengrab Keep an eye out. [/QUOTE]
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