Technology stocks are crashing – what now

A friend just messaged me saying that his portfolio lost 10% of its value recently and that this was complete doomsday. Judging by the futures, the NQ is down 6.8% from its highs (a 1.8% gap down this morning alone). I get that, it's frustrating.

It is also noteworthy that the sell-off hurts technology stocks in particular. But mind that they were also the largest beneficiary in recent months:

  • Nasdaq 100 is 53% above its weekly 200 EMA.
  • S&P 500 is 31% above its weekly 200 EMA.
  • DJIA is 19% above its weekly 200 EMA.

Which one is going to be hurt first and foremost once a correction is underway? Of course it's going to be the most stretched industry sector. Information technology is 28% of the S&P 500, and 20% of the DJIA.

If you buy stocks, you've got to have conviction in them. You've got to know what you are buying. Am I going to dump all my holdings just because they're "overvalued". Of course not. I'm going to hang in there with stocks going down 30% and then come back up 80%. Even if that takes another 3 years. It's the nature of the market and it is great at weeding out the less convinced.

Volatility is the price you pay for your returns.

If you held Apple all these years, you are sitting on a fortune now. Same goes for Amazon and many other megabrands of today. Amazon went top to bottom 60% several times in its history. You've got to have conviction in what you're buying to hold onto such kind of volatility. I also go to the grocery store to pick my favorite marmalade brand. If there's a 30% discount I'll pile up. But you cannot ever pile up if you don't have conviction in your holdings in the first place.

So here's what I would do. Go through your portfolio name by name. Ask yourself why it's there in the first place. Start with "I own XYZ because...". Warren Buffett had also advised it in one of his interviews. If you can't tell that story, sell it off. It doesn't belong in your portfolio. Free up that cash so you can pile in when spectacular opportunities arise in future.

πŸ‘︎ 4k
πŸ“°︎ r/investing
πŸ’¬︎
πŸ‘€︎ u/trendarchitect
πŸ“…︎ Feb 23 2021
🚨︎ report
Neanderthals moved to warmer climates and used technology closer to that of modern-day humans than previously believed, according to a group of archeologists and anthropologists who analyzed tools and a tooth found in a cave in Palestine academictimes.com/neander…
πŸ‘︎ 29k
πŸ“°︎ r/science
πŸ’¬︎
πŸ‘€︎ u/theodorewayt
πŸ“…︎ Feb 16 2021
🚨︎ report
North Korea made attempts to steal COVID-19 vaccine technology from Pfizer: Yonhap citing NIS reuters.com/article/us-no…
πŸ‘︎ 12k
πŸ“°︎ r/worldnews
πŸ’¬︎
πŸ‘€︎ u/Underworld_Boss
πŸ“…︎ Feb 16 2021
🚨︎ report
TIL that the movie Independence Day still holds the record for most miniature models to appear in one film. Approximately 95% of the movie's special effects were shot using miniatures and due to the advances in digital technology this record may stand forever. dga.org/Craft/DGAQ/All-Ar…
πŸ‘︎ 31k
πŸ“°︎ r/todayilearned
πŸ’¬︎
πŸ‘€︎ u/Azathoth90
πŸ“…︎ Feb 14 2021
🚨︎ report
Parler partially reappears with support from Russian technology firm reuters.com/article/us-us…
πŸ‘︎ 43k
πŸ“°︎ r/worldnews
πŸ’¬︎
πŸ‘€︎ u/trackofalljades
πŸ“…︎ Jan 19 2021
🚨︎ report
Parler partially reappears with support from Russian technology firm finance.yahoo.com/news/pa…
πŸ‘︎ 46k
πŸ“°︎ r/technology
πŸ’¬︎
πŸ‘€︎ u/ohnoh18
πŸ“…︎ Jan 18 2021
🚨︎ report
Elon Musk offers $100M prize for best carbon capture technology businessinsider.com/elon-…
πŸ‘︎ 22k
πŸ“°︎ r/Futurology
πŸ’¬︎
πŸ‘€︎ u/Yogurt789
πŸ“…︎ Jan 22 2021
🚨︎ report
For Shamans, the technology just isn't there...
πŸ‘︎ 10k
πŸ“°︎ r/wow
πŸ’¬︎
πŸ‘€︎ u/Slagfuse
πŸ“…︎ Feb 13 2021
🚨︎ report
Drexel Institute of Technology Girls' Rifle Team, 1925.
πŸ‘︎ 32k
πŸ“°︎ r/OldSchoolCool
πŸ’¬︎
πŸ‘€︎ u/DiosMioMan2
πŸ“…︎ Jan 28 2021
🚨︎ report
Technology has come along way
πŸ‘︎ 34k
πŸ“°︎ r/memes
πŸ’¬︎
πŸ‘€︎ u/MarzipanBlade
πŸ“…︎ Feb 08 2021
🚨︎ report
Florida COVID-19 'whistleblower' named 'Technology Person of the Year' by Forbes thv11.com/mobile/article/…
πŸ‘︎ 89k
πŸ“°︎ r/technology
πŸ’¬︎
πŸ‘€︎ u/bobbyw24
πŸ“…︎ Dec 30 2020
🚨︎ report
NVIDIA GeForce RTX 3060 anti-mining algoritm is not just a driver thing, technology could expand to more SKUs videocardz.com/newz/nvidi…
πŸ‘︎ 725
πŸ“°︎ r/nvidia
πŸ’¬︎
πŸ‘€︎ u/ForgetfulKiwi
πŸ“…︎ Feb 19 2021
🚨︎ report
Voting technology company Smartmatic files $2.7 billion lawsuit against Fox News, Rudy Giuliani and Sidney Powell over 'disinformation campaign' cnn.com/2021/02/04/media/…
πŸ‘︎ 13k
πŸ“°︎ r/news
πŸ’¬︎
πŸ‘€︎ u/3dprinteddildo
πŸ“…︎ Feb 04 2021
🚨︎ report
TIL about Project GUNMAN, the discovery of primitive keylogging technology installed by the KGB into the IBM Selectric typewriters used in the US Embassy in Moscow, enabling the Soviets to steal US secrets for eight years. cryptomuseum.com/covert/b…
πŸ‘︎ 13k
πŸ“°︎ r/todayilearned
πŸ’¬︎
πŸ‘€︎ u/NakedAlchemist
πŸ“…︎ Feb 09 2021
🚨︎ report
It’s unlikely that all the technology in Star Wars is standardized between planets, so cord compatibility must be a nightmare
πŸ‘︎ 35k
πŸ“°︎ r/Showerthoughts
πŸ’¬︎
πŸ‘€︎ u/mrnelson99
πŸ“…︎ Jan 18 2021
🚨︎ report
Implication of modern technologies
πŸ‘︎ 7k
πŸ“°︎ r/calvinandhobbes
πŸ’¬︎
πŸ‘€︎ u/Ruaman
πŸ“…︎ Feb 21 2021
🚨︎ report
Juventus - Roma - Ronaldo hits crossbar and asks referee to show his goal-line technology watch

[ Removed by reddit in response to a copyright notice. ]

πŸ‘︎ 8k
πŸ“°︎ r/soccer
πŸ’¬︎
πŸ‘€︎ u/Zidlicky3
πŸ“…︎ Feb 06 2021
🚨︎ report
Deep brain stimulation for relieving Parkinson's. This technology is helping millions of people with the disease to properly eat v.redd.it/lhhcbhso21b61
πŸ‘︎ 71k
πŸ“°︎ r/nextfuckinglevel
πŸ’¬︎
πŸ‘€︎ u/lmagee20
πŸ“…︎ Jan 13 2021
🚨︎ report
A teenage student in Ireland has won a national science competition for developing technology that can more easily detect "deepfake" videos online. euronews.com/2021/01/11/i…
πŸ‘︎ 59k
πŸ“°︎ r/UpliftingNews
πŸ’¬︎
πŸ‘€︎ u/Sumit316
πŸ“…︎ Jan 12 2021
🚨︎ report
NFL Players Endorse Amazon Warehouse Workers Unionization - Amazon warehouse workers at the facility in Bessemer, Alabama will begin voting on what could become the first union in the technology giant's history on February 8. vice.com/en/article/m7axz…
πŸ‘︎ 18k
πŸ“°︎ r/technology
πŸ’¬︎
πŸ‘€︎ u/_hiddenscout
πŸ“…︎ Jan 25 2021
🚨︎ report
People employed in science and technology in europe
πŸ‘︎ 3k
πŸ“°︎ r/MapPorn
πŸ’¬︎
πŸ‘€︎ u/betoelpro
πŸ“…︎ Feb 24 2021
🚨︎ report
New technology in South Korea processes 1 ton of garbage plastics into 620 litters of crude oil at 62% efficiency. Also the garbage plastics doesn't require any cleaning prior to processing.
πŸ‘︎ 6k
πŸ’¬︎
πŸ‘€︎ u/hkim77
πŸ“…︎ Feb 21 2021
🚨︎ report
Research on COVID-19 vaccination technology could lead to HIV, cancer vaccines newsweek.com/research-cov…
πŸ‘︎ 20k
πŸ“°︎ r/Futurology
πŸ’¬︎
πŸ‘€︎ u/We-can-fix-it
πŸ“…︎ Jan 23 2021
🚨︎ report
WYR Be god of the technology or god of nature?
πŸ‘︎ 1k
πŸ“°︎ r/WouldYouRather
πŸ’¬︎
πŸ‘€︎ u/ShyShepherd123
πŸ“…︎ Feb 24 2021
🚨︎ report
Made using technology
πŸ‘︎ 61k
πŸ“°︎ r/dankmemes
πŸ’¬︎
πŸ‘€︎ u/i-pee-blood
πŸ“…︎ Jan 24 2021
🚨︎ report
I am Justin Kan, cofounder of Twitch (world's biggest live-streaming platform). I've been a serial entrepreneur, technology investor at Y Combinator and now my new fund Goat Capital. AMA!

My newest project, The Quest, is a podcast where I bring the world stories of the people who struggled to find their own purpose, made it in the outside world, and then found deeper meaning beyond success. My guests so far include The Chainsmokers, Michael Seibel (CEO of Y Combinator) and Steve Huffman aka spez (CEO of Reddit).

Starting in 2021, I want to co-build this podcast with you all. I am launching a fellowship to let some of you work with my guests and me directly. We are looking for people to join who are walking an interesting path and discovering their true purpose. It went live 1 min ago and you can apply here, now.

Find me on Twitter: http://twitter.com/justinkan

Sign up to The Quest newsletter: https://thequestpod.substack.com/p/coming-soon

Proof: https://i.redd.it/hqr4fr4c3t861.jpg

πŸ‘︎ 10k
πŸ“°︎ r/IAmA
πŸ’¬︎
πŸ‘€︎ u/JustinKan
πŸ“…︎ Jan 05 2021
🚨︎ report
BlackBerry Expands Partnership with Baidu to Power Next Generation Autonomous Driving Technology (πŸš€πŸš€πŸš€) prnewswire.com/news-relea…
πŸ‘︎ 5k
πŸ“°︎ r/wallstreetbets
πŸ’¬︎
πŸ‘€︎ u/claytonw854
πŸ“…︎ Jan 26 2021
🚨︎ report
The NCR defeated two powerful armies of advanced technology and powerful power armor and can't even stop a bunch roman cosplayer that have armor made out of junk, are you kidding me?
πŸ‘︎ 5k
πŸ“°︎ r/Fallout
πŸ’¬︎
πŸ‘€︎ u/Gamer580
πŸ“…︎ Jan 24 2021
🚨︎ report
Daily Chaldea 0660: Underworld Technology
πŸ‘︎ 3k
πŸ“°︎ r/grandorder
πŸ’¬︎
πŸ‘€︎ u/Rednal291
πŸ“…︎ Feb 17 2021
🚨︎ report
Technology... Her arms were designed and paid for by the team behind the 2019 movie Alita: Battle Angel. Video by Open Bionics. v.redd.it/do0tg08wrcd61
πŸ‘︎ 24k
πŸ“°︎ r/nextfuckinglevel
πŸ’¬︎
πŸ‘€︎ u/FADMAndy15
πŸ“…︎ Jan 24 2021
🚨︎ report
Great idea. Let's use technology to ignore bad behavior from our dealer network.

Company sold a product that was sold to consumers almost exclusively through our independent dealer network. When a consumer bought one of our products from a dealer, the dealer was contractually obligated to log into our warranty system and register that product by serial number and supply the buyer's information.

Makes sense and sounds pretty simple. Apparently not for the paranoid small business owners of the world.

I was invited to a meeting with a couple of product safety people. A summary of the conversation between me $Watts and product safety person $PSP.

$PSP - We'd like to add a place on our public website where consumers can register their new product themselves.

$Watts- How does it get registered today?

$PSP - The dealers are supposed to be doing it. But they often use their own address because they don't want us to have their customers' contact information. If we have a product recall we can get hundreds or even thousands of the mailed notices returned because the person doesn't live at that address. It gets really bad if the dealer has gone out of business.

$Watts - So your telling me that our answer to dealers not living up to their contractual obligation of correctly completing warranty registrations is to try and get consumers to do it themselves on our website and then somehow reconcile the information they enter with whatever the dealer might have entered. Why don't we just get the dealers to do their job right and live up to the terms of the contract?

$PSP - after a long pause $PSP looks at the other PSP in the meeting - I think I need to have a conversation with the VP of Sales. Watts has a point.

Ya think?!? Score one for common sense and holding people accountable for doing their f&*%ing job instead of getting IT to fix it.

πŸ‘︎ 2k
πŸ’¬︎
πŸ‘€︎ u/WattsIsWatts
πŸ“…︎ Feb 22 2021
🚨︎ report
Technology gets better every day.
πŸ‘︎ 8k
πŸ“°︎ r/HolUp
πŸ’¬︎
πŸ‘€︎ u/esberat
πŸ“…︎ Feb 20 2021
🚨︎ report
Islam is against intellectualism, critical thinking, and curiosity, and as a result of this, we see Muslim countries lag behind in science and technology.

The first thing we should define here is what intellectualism means in the context of the Quran and Islam, and what intellectualism means when we are discussing epistemology.

From a secular view, intellectualism means the devotion to pursuits in search of knowledge[1], where knowledge means justified true belief[2].

The Quran also does use a few different words that refer to reason and knowledge.

For example, the Quran does advocate for the use of reason:

>Indeed, the worst of living creatures in the sight of Allah are the deaf and dumb who do not use reason

~ Quran 8:22

Here Tafsir Mokhtasar defines this as: β€œThe worst of creatures on the face of the earth in the sight of Allah are those who are deaf to the truth, not listening to it and accepting it; and dumb, not acknowledging the truth or calling to it, because they do not understand what Allah instructs or forbids.”. Here the truth is meant to mean the truth of Islam. So the religion of Islam itself, not truth in the epistemological sense.

The function of reason in the Quran is to validate the Quran, not to question it. It is not right for a Muslim to interrogate the principles of theology, instead one should submit to the will of God through revelation.

So from an Islamic perspective, the Quran is completely pro-intellectualism. However, we have to be careful not to use the persuasive definition [3] fallacy, because when I say Islam is against intellectualism, I am referring to the secular definition, not the Islamic definition.

From now on when I say intellectualism, I will be using intellectualism to mean the pursuit of knowledge through justified true belief.

Quran and Skepticism

Most of us would agree that questioning is good. By questioning, we may be able to get answers to our questions, and through intellectual thinking, expand our knowledge.

When it comes to asking too many questions, or trying to use your reason in order to come to a conclusion about Islam, you are generally discouraged.

Here the Quran explicitly discourages asking questions, and even admits that people have become disbelievers by asking too many questions:

>O you who have believed, do not ask about things which, if they are shown to you, will distress you. But if you ask about them while the Qur’ān is being revealed, they will be shown to you. Allah has pardoned it [i.e., that which is past]; and Allah is Forgiving and Forbearing. A people asked such [questions] before you; then they

... keep reading on reddit ➑

πŸ‘︎ 240
πŸ“°︎ r/DebateReligion
πŸ’¬︎
πŸ‘€︎ u/MoroseBurrito
πŸ“…︎ Feb 22 2021
🚨︎ report
Blursed technology
πŸ‘︎ 54k
πŸ“°︎ r/blursedimages
πŸ’¬︎
πŸ‘€︎ u/Redman22222
πŸ“…︎ Jan 05 2021
🚨︎ report
Has AI technology gone so far? v.redd.it/dqfuqsp5as661
πŸ‘︎ 45k
πŸ’¬︎
πŸ‘€︎ u/mohiemen
πŸ“…︎ Dec 22 2020
🚨︎ report
Facial-Recognition Tools in Spotlight in New Jersey False-Arrest Case - Black man police detained for more than a week sues authorities after use of technology that some cities have banned over racial bias concerns wsj.com/articles/facial-r…
πŸ‘︎ 28k
πŸ“°︎ r/Futurology
πŸ’¬︎
πŸ‘€︎ u/Gari_305
πŸ“…︎ Dec 30 2020
🚨︎ report
Hamster Starship - Future technology! v.redd.it/0aisg2vlngd61
πŸ‘︎ 19k
πŸ“°︎ r/aww
πŸ’¬︎
πŸ‘€︎ u/__Dawn__Amber__
πŸ“…︎ Jan 25 2021
🚨︎ report
How do covid-19 vaccines actually get to Americans? We're the MIT Technology Review team piecing together the convoluted picture and how things could be done better. Ask us anything!

American's aren't getting vaccinated fast enough to outpace covid-19, and part of the reason is the inefficient, sometimes broken technology involved. We’re the team at MIT Technology Review who has been looking into the complicated data systems and processes behind America's vaccine rollout, trying to understand why they aren't up to their task in many ways. We've learned a lot about how it works (and doesn’t) in the US, and we've spoken to experts about what needs to change. There are a lot of pieces to this puzzle, and so we've written about them over several stories:

1 - We did a deeply researched overview of how America gets its vaccines. (it's a giant maze, pretty much) https://www.technologyreview.com/2021/01/27/1016790/covid-vaccine-distribution-us/

2 - We investigated the $44 million vaccine data system that isn't being used much and has, in the words of one expert, "become a cuss word." https://www.technologyreview.com/2021/01/30/1017086/cdc-44-million-vaccine-data-vams-problems/

3 - So what are Americans doing instead to get signed up for their shots? Some are crowdsourcing ideas and tactics with their neighbors and even strangers. https://www.technologyreview.com/2021/02/01/1016725/people-are-building-their-own-vaccine-appointment-tools/

4 - We also looked at one faulty system used by Stanford to say who'd be eligible for vaccination at its medical facility. https://www.technologyreview.com/2020/12/21/1015303/stanford-vaccine-algorithm/

Some ideas for things to ask us about:

  • How vaccines get from point A to point B
  • Why it's been so hard for you to sign up
  • Where public health data needs to be improved
  • How you might eventually prove you've been vaccinated
  • How decisions are made about the vaccine rollout process

(We're less likely to be able to speak about the science of the vaccines themselves, or where you or your family should personally go to get a vaccine.)

We’re Cat Ferguson, Karen Hao, Lindsay Muscato, Bobbie Johnson, Tanya Basu, and Eileen Guo.

Want more news like this? Sign up for our coronavirus newsletter here: https://forms.technologyreview.com/newsletters/coronavirus-tech-report/

Proof:

  • https://i.redd.it/ae11yvmmvwe61.jpg
  • https://i.redd.it/4knq3saqvwe61.jpg
  • https://i.redd.it/jisntqnxvwe61.jpg
  • https:/
... keep reading on reddit ➑

πŸ‘︎ 5k
πŸ“°︎ r/IAmA
πŸ’¬︎
πŸ‘€︎ u/techreview
πŸ“…︎ Feb 02 2021
🚨︎ report
Haha woman bad technology bad alpha male haha
πŸ‘︎ 10k
πŸ“°︎ r/ComedyCemetery
πŸ’¬︎
πŸ‘€︎ u/InStAgRaMnOrMiEs
πŸ“…︎ Feb 01 2021
🚨︎ report
There are two main types of Eldar technology
πŸ‘︎ 5k
πŸ“°︎ r/Grimdank
πŸ’¬︎
πŸ‘€︎ u/Anaris_Isenria
πŸ“…︎ Feb 14 2021
🚨︎ report
Technology continues to evolve
πŸ‘︎ 4k
πŸ“°︎ r/Offensivejokes
πŸ’¬︎
πŸ‘€︎ u/Hesarian99
πŸ“…︎ Feb 21 2021
🚨︎ report
Taken in 1960. There are those that couldn't get this picture with today's technology.
πŸ‘︎ 16k
πŸ’¬︎
πŸ‘€︎ u/unidentifiedsubob
πŸ“…︎ Jan 27 2021
🚨︎ report
There’s One Big Problem With Electric Cars: They’re still cars. Technology can’t cure America of its addiction to the automobile. nytimes.com/2021/02/18/op…
πŸ‘︎ 808
πŸ“°︎ r/urbanplanning
πŸ’¬︎
πŸ“…︎ Feb 18 2021
🚨︎ report
'Palantir technologies, yes. 5000 shares.'
πŸ‘︎ 17k
πŸ“°︎ r/wallstreetbets
πŸ’¬︎
πŸ“…︎ Jan 04 2021
🚨︎ report
Deep brain stimulation for relieving Parkinson's. This technology is helping millions of people with the disease to properly eat
πŸ‘︎ 27k
πŸ“°︎ r/BeAmazed
πŸ’¬︎
πŸ“…︎ Jan 12 2021
🚨︎ report
Crazy how far technology has come
πŸ‘︎ 4k
πŸ’¬︎
πŸ‘€︎ u/Faith_ssb
πŸ“…︎ Feb 06 2021
🚨︎ report
Deep brain stimulation for relieving Parkinson's. This technology is helping millions of people with the disease to properly eat. v.redd.it/b9yifgfbz4c61
πŸ‘︎ 21k
πŸ“°︎ r/ThatsInsane
πŸ’¬︎
πŸ‘€︎ u/regian24
πŸ“…︎ Jan 18 2021
🚨︎ report
My $ASTI (Ascent Solar Technologies) gains over 11 months. Only put in $480 of my own cash. I’ll be holding minimum to the end of Q2 and probably longer depending on the PR and corrected financials. Slightly risky but all the stars are aligning with this company.
πŸ‘︎ 377
πŸ“°︎ r/pennystocks
πŸ’¬︎
πŸ‘€︎ u/adventure_river
πŸ“…︎ Feb 20 2021
🚨︎ report
Do you think we’ll ever see significant serial killer cases again w/ the advancement of technology?

Doesn’t seem like we’ll ever have another Gein, Fish, etc...

πŸ‘︎ 997
πŸ“°︎ r/morbidquestions
πŸ’¬︎
πŸ‘€︎ u/stillcore
πŸ“…︎ Feb 23 2021
🚨︎ report

Please note that this site uses cookies to personalise content and adverts, to provide social media features, and to analyse web traffic. Click here for more information.