07-01-2020, 02:54 PM
They will fall hard but who knows from what height. It really is getting similar to 1999. Regretfully I've held very little tech outside my SPY mutual funds for the past few years. The index will not save you when the big boys eventually correct. I sold some QQQ puts a few weeks ago which were almost instantly profitable. That worked out fine but I know I am tempting fate if I make a real bet. Valuation will matter in the end. The PEG ratio's well above 2.0 for the large caps are what alarm me most, not so much the market CAP in itself. Smaller tech companies with huge PEs and near profitless are the ones that will get hammered without mercy though. Just like the tech bubble crash.