[Big Tech] “‘Bubble’ hitting 50% of market, top investor warns as Fed gets ready to meet”
May 3, 2022
“…Despite Monday’s tech comeback, money manager Dan Suzuki of Richard Bernstein Advisors warns the group is in a “bubble.”
“Go back and look at the history of bubbles. They don’t softly correct and then are off to the races six months later. You typically see a major correction, you know, 50% or more. And, typically it comes with an overshoot,” the firm’s deputy chief investment officer told CNBC’s “Fast Money.”…”
Wow 50% correction? It’s probably time to pull out. Cut your losses if you have any.