1 posts and columns on Kevin Bacon

Tech Stocks Off the Deep End: But Ignore the Panic

in News on October 6, 2008 at 2:13 pm PT

Just as there is a tendency to inanely cheerlead the tech sector valuations on the way up, there is inevitably the equally ridiculous overreaction to the downward slide going on right now for digital companies. Thus, while by no means the weakest sector of the economy, a range of tech stocks got hammered today in the markets, getting dragged down with the market at large as investors continued to fret about a sustained worldwide recession that government bailouts could not prevent.