Strange market

[Pascal]

It is really strange to see the tech sector moving on money moving in the huge names, while the rest of the market is just going down.

Are we back in a "hope-ware" market?

It is as if investor understood that interest rates will increase a,d commodities will go down. Only Biotech/Technology are immune to these changes. That is the consequence of liquidity that chases a limited number of opportunities while keeping the risk low. This means: buy momentum and sell the rest. Hardly a sustainable move though.

What are the Warren Buffets of this market going to do? When will "value" come back in the picture?


Pascal