[sgbuffett]

Just snapshot

Texh stocks have started falling in earnest as Nasdaq enters correction territory...but a 10% drop is beginning rather than end in my opinion. We won't know how the "correction" and bear progress to end point ..but given Nasdaq rose so much in 2020 and 2021, the selloff has potential to go quite far down like 20-30% I won't be surprised at all.

If you are holding on to stocks at high valuations it can  down fast and deep like those stocks in Cathie Woods ARKK because there is no way to ascertain what they are worth. 

A good case is to look at AMD vs Intel. AMD has fat and rich valuations while INTC is lean. They behave differently.

Rich valuation stock like Nvidia, AMD, are vulnerable to sharper sell down as this proceeds.