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Technology Stocks : Microsoft Corp. - Moderated (MSFT)
MSFT 542.56+0.1%3:59 PM EDT
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To: Affinity4Investing who wrote (19762)8/3/2024 9:13:18 AM
From: Zen Dollar Round1 Recommendation

Recommended By
Don Green

   of 19789
 
That matters less than the overall market being elevated for months now and the larger economic picture.

With unemployment rising and the Fed not lowering rates by at least 25 basis points like they should have the other day, Mr. Market realized the significant possibility of a recession looms.

We are also entering a seasonally weak period in the stock market, further spooking investors.

Tech stock PE ratios are still elevated above historical norms as, so there is more air to be let out of this market. Market corrections are good for their long term health, as painful as they may be in the short term.

When things are elevated as they are, any news considered negative, "below estimates," or "disappointing" are used to sell the stock, no matter how good the other numbers are. MSFT is no different in that regard.

Be careful out there!
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