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The recent steep decline in the major US indexes $Dow Jones Industrial Average (.DJI.US)$, $Nasdaq Composite Index (.IXIC.US)$, $S&P 500 Index (.SPX.US)$ was driven by the selloff in $Meta Platforms (FB.US)$ and other Big Tech stocks $Alphabet-A (GOOGL.US)$, $Amazon (AMZN.US)$, $Apple (AAPL.US)$, $Microsoft (MSFT.US)$, $Netflix (NFLX.US)$, $NVIDIA (NVDA.US)$. Among the social media stocks $Pinterest (PINS.US)$, $Snap Inc (SNAP.US)$, $Twitter (Delisted) (TWTR.US)$, shares of $Meta Platforms (FB.US)$ tumbled the most with a series of negative revelations and the political fallout. Adding to its recent woes was the company's worst outrage in almost a decade on its entire suite of services due to an issue with its servers. With the bulk of its revenue coming from advertising across its multiple platforms, the outrage may have cost the company millions in lost revenue though such losses would pale in comparison to its expected revenue for next year. This outrage will more likely underscore the importance of its various platforms to its advertisers and users than it will negatively impact the company. Investors of $Meta Platforms (FB.US)$ should remember that previous controversies with financial consequences have not permanently hurt the company's revenue or earnings. While $Meta Platforms (FB.US)$ could remain under pressure for the near term with its string of controversies, its long term valuation does not look overly demanding at the moment. So long as $Meta Platforms (FB.US)$ could take decisive actions to manage its mounting troubles, protect its market share and expand on its new innovative offerings, there are lesser reasons to worry about its most severe selloff of the year. Notwithstanding its vulnerability to business headwinds, those who are still confident of the social media giant's long term growth potential may find this sharp decline presenting buying opportunities for its future upside.
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Technology stocks were particularly hard hit (with many in the group of correction territory) as bond yields rose. Rising yields often signify that investors see inflation and strong economic demand in the future.
The Federal Reserve confirmed it will likely soon begin reducing it’s bond purchases, which could lower bond prices and lift their yields. Higher bond yields make future profits less valuable and fast-growing technology stocks are looking for big profits many years down the line.
Technically, a correction is a 10% or greater drop. I do not think we have seen the bottom yet in some of these tech stocks…
The Tech Stocks in my current watchlist:
$DocuSign (DOCU.US)$
$Adobe (ADBE.US)$
$CrowdStrike (CRWD.US)$
$Apple (AAPL.US)$
$SoFi Technologies (SOFI.US)$
$Alphabet-A (GOOGL.US)$
$Amazon (AMZN.US)$
$Taiwan Semiconductor (TSM.US)$
$SEMrush (SEMR.US)$
$Fiverr International (FVRR.US)$
$Meta Platforms (FB.US)$
$Spotify Technology (SPOT.US)$
$Cisco (CSCO.US)$
$Splunk (SPLK.US)$
$Cloudflare (NET.US)$
$Meta Platforms (FB.US)$ was the biggest loser on 04 October 2021 as it was dealing with widespread outages.
I personally, don’t expect the (one-off) seven-hour global outage to have any long-lasting impact on $Meta Platforms (FB.US)$ network effect. Facebook is a fast-growing and lucrative company. And, it certainly seems attractive based on it’s strong fundamentals and valuation.
The Federal Reserve confirmed it will likely soon begin reducing it’s bond purchases, which could lower bond prices and lift their yields. Higher bond yields make future profits less valuable and fast-growing technology stocks are looking for big profits many years down the line.
Technically, a correction is a 10% or greater drop. I do not think we have seen the bottom yet in some of these tech stocks…
The Tech Stocks in my current watchlist:
$DocuSign (DOCU.US)$
$Adobe (ADBE.US)$
$CrowdStrike (CRWD.US)$
$Apple (AAPL.US)$
$SoFi Technologies (SOFI.US)$
$Alphabet-A (GOOGL.US)$
$Amazon (AMZN.US)$
$Taiwan Semiconductor (TSM.US)$
$SEMrush (SEMR.US)$
$Fiverr International (FVRR.US)$
$Meta Platforms (FB.US)$
$Spotify Technology (SPOT.US)$
$Cisco (CSCO.US)$
$Splunk (SPLK.US)$
$Cloudflare (NET.US)$
$Meta Platforms (FB.US)$ was the biggest loser on 04 October 2021 as it was dealing with widespread outages.
I personally, don’t expect the (one-off) seven-hour global outage to have any long-lasting impact on $Meta Platforms (FB.US)$ network effect. Facebook is a fast-growing and lucrative company. And, it certainly seems attractive based on it’s strong fundamentals and valuation.
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![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined"){kind=small}
History of blockchain Technology in three steps:
- It was initially developed in 1991 as a sort of digital timestamp. Early innovators saw this function almost as a “notary” function. There could be no backdating or tampering with data utilizing the early blockchain technology.
- For almost two decades nobody really cared.
- 2009 “Satoshi Nakamoto” introduces BTC.
What is blockchain Technology?
Blockchain is a form of “Distributed Ledger.” I’ll break it down with an image so its easier to understand. Each “block” has three basic parts to it. The “data”, the “hash” and the “hash” of the previous “block”.
Data: This differs depending on the function. In something like BTC we have the sender, the receive and how many coins moved.
Hash: Think of the Hash as a unique ID or fingerprint. Changing anything about the block changes the hash.
Hash of Previous Block: That is exactly what it sounds like. A ledger containing the unique ID/fingerprint of the block before it in the chain.
You’ll notice the first block has no previous hash number. That is because it is the first block in the chain. It is known as the “Genesis Block”, the beginning.
Why is Blockchain Technology so difficult to tamper with?
A modern computer could calculate hundreds of thousands of hash/second. In theory it would be easy to tamper with a single block and then change the hash number of the preceding blocks so they would match.
A concept called “proof of work” slows down this process to prevent computing and changing previous hashes. Currently it takes about 10 minutes to generate the hashcash proofs of work to mine BTC. This means that if someone were to TRY and tamper with a block they would need to change EVERY block before that as well to hide the discrepancy and receive P2P validation.
At 10mins/block it simply isn’t possible.
Blockchain technology is built utilizing a peer-to-peer verification process. This means each when a new block is discovered it is sent to everyone on the network and each node will independently verify the correctness of the block. In the simplest terms every node executes a consensus protocol to verify the addition of the block. ALL OF THEM. This also removes the need for centralization. (ie decentralization)
Any block that has been tampered with will be rejected by the nodes.
In order to effectively tamper with the blockchain and be validated on the P2P network someone would have to:
1) Tamper with ALL the blocks on the chain. (Remember the hash of the previous block)
2) Redo all the POW.
3) Somehow take control of greater that 50% of the P2P network.
$Bitcoin (BTC.CC)$ $Ethereum (ETH.CC)$ $MARA Holdings (MARA.US)$ $Hut 8 (HUT.US)$ $Riot Platforms (RIOT.US)$ $BIT Mining (BTCM.US)$
- It was initially developed in 1991 as a sort of digital timestamp. Early innovators saw this function almost as a “notary” function. There could be no backdating or tampering with data utilizing the early blockchain technology.
- For almost two decades nobody really cared.
- 2009 “Satoshi Nakamoto” introduces BTC.
What is blockchain Technology?
Blockchain is a form of “Distributed Ledger.” I’ll break it down with an image so its easier to understand. Each “block” has three basic parts to it. The “data”, the “hash” and the “hash” of the previous “block”.
Data: This differs depending on the function. In something like BTC we have the sender, the receive and how many coins moved.
Hash: Think of the Hash as a unique ID or fingerprint. Changing anything about the block changes the hash.
Hash of Previous Block: That is exactly what it sounds like. A ledger containing the unique ID/fingerprint of the block before it in the chain.
You’ll notice the first block has no previous hash number. That is because it is the first block in the chain. It is known as the “Genesis Block”, the beginning.
Why is Blockchain Technology so difficult to tamper with?
A modern computer could calculate hundreds of thousands of hash/second. In theory it would be easy to tamper with a single block and then change the hash number of the preceding blocks so they would match.
A concept called “proof of work” slows down this process to prevent computing and changing previous hashes. Currently it takes about 10 minutes to generate the hashcash proofs of work to mine BTC. This means that if someone were to TRY and tamper with a block they would need to change EVERY block before that as well to hide the discrepancy and receive P2P validation.
At 10mins/block it simply isn’t possible.
Blockchain technology is built utilizing a peer-to-peer verification process. This means each when a new block is discovered it is sent to everyone on the network and each node will independently verify the correctness of the block. In the simplest terms every node executes a consensus protocol to verify the addition of the block. ALL OF THEM. This also removes the need for centralization. (ie decentralization)
Any block that has been tampered with will be rejected by the nodes.
In order to effectively tamper with the blockchain and be validated on the P2P network someone would have to:
1) Tamper with ALL the blocks on the chain. (Remember the hash of the previous block)
2) Redo all the POW.
3) Somehow take control of greater that 50% of the P2P network.
$Bitcoin (BTC.CC)$ $Ethereum (ETH.CC)$ $MARA Holdings (MARA.US)$ $Hut 8 (HUT.US)$ $Riot Platforms (RIOT.US)$ $BIT Mining (BTCM.US)$
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According to the Facebook website, "Facebook's mission is to give people the power to build community and bring the world closer together. People use Facebook to stay connected with friends and family, to discover what's going on in the world, and to share and express what matters to them. "
So, anyone who use $Meta Platforms (FB.US)$ should have their rights to share and express what matters to them, right?
If users are not able to share and express themselves, then Facebook would have fail its mission, right?
The crash is most likely due to other reason(s), such as incoming interest rate hike.
So, anyone who use $Meta Platforms (FB.US)$ should have their rights to share and express what matters to them, right?
If users are not able to share and express themselves, then Facebook would have fail its mission, right?
The crash is most likely due to other reason(s), such as incoming interest rate hike.
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$Meta Platforms (FB.US)$ may be coming down in price during this period, just like the other tech stocks due to poor market sentiment. To make matters worse, it is now facing a number of problems including the recent ones with its own, whatsapp and Instagram services. But this has been solved now. I still think $Meta Platforms (FB.US)$ is a good investment as it can continue to grow in the long term.
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Large-cap quality leadership since March is signalling decelerating growth and tightening financial conditions. The Fed does expect the taper to begin this year. The surprise was the speed with which it expects to be done tapering – by mid-2022. This is about a quarter sooner than the market had been anticipating and increases the probability of a rate hike in 2H22, a clearly hawkish shift. Higher real rates should mean lower equity prices.
This would mean value over growth even as the overall equity market goes lower. This makes for a doubly difficult investment environment given how most investors are positioned. The most powerful offset to a material correction in the S&P 500 this year has been the extremely resilient buy-the-dip mentality among retail investors, a strategy that is now being challenged.
After the Evergrande dip and rally, stocks have probed lower and taken out the prior lows, making this the first time that buying the dip hasn’t worked, simultaneously violating important technical support. Investing in services over goods will work out better this quarter. Semiconductor and
tech stocks levered to the work-from-home dynamic are now fading back down to 2020 levels.
This would mean value over growth even as the overall equity market goes lower. This makes for a doubly difficult investment environment given how most investors are positioned. The most powerful offset to a material correction in the S&P 500 this year has been the extremely resilient buy-the-dip mentality among retail investors, a strategy that is now being challenged.
After the Evergrande dip and rally, stocks have probed lower and taken out the prior lows, making this the first time that buying the dip hasn’t worked, simultaneously violating important technical support. Investing in services over goods will work out better this quarter. Semiconductor and
tech stocks levered to the work-from-home dynamic are now fading back down to 2020 levels.
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$Meta Platforms (FB.US)$ what do you think of the dip?
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$Meta Platforms (FB.US)$ hearing is at 10am time to tank
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October has often been a spooky month on Wall Street. Stocks famously crashed in October 1929, 1987 and, most recently, 2008.Many risks remain but outlook still promising for stocks.
"The fourth quarter — like the conclusion of sporting events or Broadway plays — is where the drama lies"That said, Navellier is hopeful the usual seasonal tailwinds for the markets and the broader economy will lift stocks this year.
Stocks tend to enjoy not just solid gains in October, but also for the remainder of the fourth quarter. Consumer spending surges during the holiday shopping season and businesses often look to boost investments before annual budgets run out.
$S&P 500 Index (.SPX.US)$ $Meta Platforms (FB.US)$ $Bank of America (BAC.US)$
"The fourth quarter — like the conclusion of sporting events or Broadway plays — is where the drama lies"That said, Navellier is hopeful the usual seasonal tailwinds for the markets and the broader economy will lift stocks this year.
Stocks tend to enjoy not just solid gains in October, but also for the remainder of the fourth quarter. Consumer spending surges during the holiday shopping season and businesses often look to boost investments before annual budgets run out.
$S&P 500 Index (.SPX.US)$ $Meta Platforms (FB.US)$ $Bank of America (BAC.US)$
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$Meta Platforms (FB.US)$ A few mini closeouts after it's tumble today but was relatively weak. I think it has promise to bounce if mkt is able to hold up but if the overall market is weak, I think we could be retesting that earlier low again. ($323ISH) more on watch than a likely play, it could just as easily set itself up to go sideways.
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Syuee : $Meta Platforms (FB.US)$ remains a stock to reckon with and is one of the must-own for long-term growth investors.
Spearhead : Most US indexes tumble for the time being, as the US debt crisis looming in weeks to come.
102089245 : FB and all its other services are so popular for a long time, I don't think it can be gone so easily.
101767718 : Facebook is still the social media that many are using. I think it can handle the troubles well
Southern Eagle : The stock price has recovered a little. It should still be good..
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