Looks like the stock market is making an overdue correction - four headlines this morning - clickable links to the stories:
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- U.S. Stocks Give Up 2018 Gains as Tech Selloff Spreads
- Tech's popular 'FAANG' stocks have lost more than $1 trillion and counting from highs amid tech rout
- Goldman Says It's Time for Equity Investors to Boost Their Cash
- 'Recession is so far in the distance I can't see it!' Trump's top economic adviser says fears of collapse are 'nonsense' as stocks erase ALL of 2018's gains in a few hours and five top tech stocks lose $1 trillion in value
It's called a bubble. These form, grow beyond sustainability and pop spectacularly. Nothing new.
John McAfee sums it up with this wonderful tweet:
People have panicked. But there's no fucking need. We're in a bear market. They suck, yes, and not like a hooker with no teeth. But I'm 73 and have seen this dozens of times in many markets. Bear markets are like Winter. It's always followed by a glorious Spring. Fucking relax.
— John McAfee (@officialmcafee) November 20, 2018
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