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Strange market
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
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