On Good Bad Days

Steve Spalding
Predictions and Prescriptions
3 min readAug 7, 2020

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Tech is have a bad day. NASDAQ is down 1.24%, and the S&P tech sector is down 1.97% at the time of writing.

This is a great thing if you’re into long term market stability.

While I am not one of those, “tech valuations are too HIGH!” people, there does come a point when it starts to look like people aren’t actually buying stocks anymore, instead they are simply making proxy bets on a sector that they…

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Steve Spalding
Predictions and Prescriptions

Writer, builder of internet things, prone to wanderlust and pontificating. Collects interesting people. Enjoys: science, fiction, finance, culture, ze future.