The NASDAQ Is In A Correction

Yesterday was a difficult day for tech stocks as the Nasdaq Composite closed in official “correction” territory, meaning down more than 10% from its high. The rest of the market fared pretty well yesterday.

Our Buy List gained 0.82% yesterday compared with a loss of 0.54% for the S&P 500. Unfortunately, that’s not so much due to our brilliance. Rather, we are underweighted in big tech and we own Disney. That worked wonders yesterday.

The market is up nicely this morning and many tech stocks are leading the charge. Oil is pulling back a bit after its big gains following the Saudi attack. Bitcoin is back over $1 trillion in market cap.

Posted by on March 9th, 2021 at 2:13 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.