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I'll be the first to admit we've been experiencing what appears to be an extended Goldilocks period...
But, if I recall correctly, wasn't there a rotation out of tech last fall?
Consider some historical data:
Priceline (PCLN)
2067.99 high on 08-08-2017
1630.56 low on 11-08-2017
(-21.15% off the high)
NVIDIA (NVDA)
217.36 high on 11-27-2017
180.58 low on 12-05-2017
(-16.92% off the high)
Arista Networks (ANET)
245.65 high on 11-21-2017
206.86 low on 12-05-2017
(-15.79% off the high)
Netflix (NFLX)
202.48 high on 11-06-2017
178.38 low on 12-04-2017
(-11.90% off the high)
The point I'm trying to make?
Haven't at least some investors been faced with a "correction" during this market? (Imo, more than one.)
-jp
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