RE:RE:Excessive1condor wrote: masfortuna...no, this is not overdone. Expect more downside. Markets are finally realizing that interest rates are going to move much higher and at a quicker pace. The tech sector will always take it on the chin in this scenario.
I could believe that if LSPD was near 100 a share, however interest and valuation crunch was likely already factored in. LSPD seems to follow the market and have better days on good days and worse days on bad ones. Companies that are highly leveraged at lower rate which will be more impacted by supposed high-interest such as Utilies and Telecoms instead are at 52 week highs.