End of Holiday Season Reveals Yearly High for Tech Stocks

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John Pombrio

Tech stock companies may or may not be doing well, but the prices continue to climb along with the general indexes. With the advent of massively computerized stock buying and selling (over 80% now and climbing), most stock prices have little to do with the underlying fundamental business. They are simply in lockstep with one another and rise (and fall) as a group. This is actually quite bad and shows how skewed stock prices have become with AI algorithms taking over from real people.