[quote=deadzone]And facebook. What is that, 2/5 of FAANG already corrected to pre-covid. Only a matter of time before Apple and Alphabet follow.
And more relevant to housing industry, Zillow, Redfin and Open Door all collapsing to pre-covid levels or all time lows in case of open.
Go ahead and ignore all of this just because you don’t personally own these stocks doesn’t change the fact that a collapse is happening.[/quote]
Lol. I don’t own facebook either… My dad does when it was $30/share I think. I don’t generally hold individual stocks that my parents own and vice versa.
You’re picking and choosing your winners and losers based on current market price. A danger game of being more wrong that right. no one can “guess” that accurately over a long period of time.
The only 3 techs I own individually are TSM and AMD and Intel, and it’s less than 10% of my total holdings. not really material one way or the other lol. I’m not too worried about it because there’s still a massive chip shortage and it’s getting worse, even more so now that Shenzhen and Changchun are shutdown….Good news for US engineers and manufacturing in the long run. Inflation can actually support US tech wages that previously went overseas..
