Prices had lost all touch with reality, but some, such as Zoom, may have over-corrected
Michael Batnick
Stocktake: September was difficult for stocks but investors cannot complain
‘I put $10,000 into Amazon in 1997. I sold it in 1997,’ goes one memorable example
Since 2010, it has survived four separate declines of at least 80%
Broad-based nature of rally suggests any pullback will not be a long-lasting affair
Tech-heavy Nasdaq suffered biggest one-day selloff since October last week
There are signs tech’s recent underperformance may not be a short-lived affair
Speculation is ‘running rampant’, but not everything is frothy
Veteran companies Netflix, Facebook, Microsoft, Apple are all continuing to grow
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