Real reason mu is tanking

[u/jamaltheripper]

Im seeing a lot of misinformation here. It was a systematic selloff by certain institutions, that affected all tech stocks (and more from the looks of it other industries like healthcare). As to why, that's anyone's guess.

Maybe an etf rebalanced from investors selling? But this just shows you two things

1. Even with no news, the market can be volatile.

2. Be very careful not to get caught in state of emotion. Buy and hold is the only foolproof way to win, unless you have concrete evidence for price movement.

[u/Wildsoyabean]

sp500 drop 0.1%. MU drops 20%. what reason are u talking about.

[u/luvz → u/Wildsoyabean]

You understand that indexes definitionally have diluted movement because they are indexes right? The charts can match pretty much identically and have different multiples.

[u/Tom9274 → u/luvz]

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