First there was a historic sell-off, then came the stunning rally, and now it's been followed by an ultra-fast drop led byIn just three days of trading between September 3 and September 8, the Nasdaq Composite slumped 10%, its fastest correction ever. Downturns in stocks are normal, although the speed of this one was unusual, and nothing about recent circumstances has been normal anyway.
"The tech stocks and growth stocks are oversold," Slimmon told Business Insider in an exclusive interview. "I don't see the big mega-cap tech stocks as outrageously expensive. So I think you want to hold position in those stocks now." "What I've learned over time is that a lot of the more speculative names, they ultimately lose out to the bigger guys who come up with software programs that kind of gobble up the smaller ones," he said.
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