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Who do you blame for the NADAQ crash?
If it is interest jilt, the market will continue to trend lower as FED will continue to tight to fight inflation.
If you blame DOJ, the market will continue to trend lower until the claud over MSFT cleared.
If you blame Wall Street gurus, the market may have a chance to survive when they come back to call "enough is enough" and order their traders to buy.
If it is a reasonable valuation correction, the process may have a long way to go as long as CSCO and many leading techs such as BVSN, PMCS, JNPR.... still have a PE over 100, 200... 500.
If the margin call or daytraders should be blamed, how could you explain the tank of the whole market (daytraders normally not hold stocks).
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The market fell so quick and so much. Is any fundamental changes occurred since March 10? If there is no fundamental change, what the causes resulting in the NADSAQ's free fall?
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