OT - NOK and company. If I've got it right, 'rotation' occurs from profit taking in the tech sector, and put money into banks, now that all regulation has been removed and more mergers signaling consolidation. What I don't 'get' (and I don't have to) is if some stocks in the tech sector have reasonable valuations, good fundamentals, and a future that looks like growth no matter what, why would people run away so fast? I've not seen NOK get this crushed in one day in a fair while. And I get it that part of that 'rotation' is that the market for some time has been a trading stock zoo, rather than investments ruling the roost.  And predictions looking down the road  aren't as attractive as the short term hold, I guess.

Still, the slaughter of NOK, INFN, CIEN was kind of jaw dropping to me. Throwing the baby out with the bathwater, and the tub thrown out also for good measure seems excessive. Not to mention it being child abuse.

And why shouldn't it continue? Too many instances of a sector being hated when fundamentals are sharp - we could still go a long ways down,Ithink. Although 'bargain hunters' might provide  support. Especially if they're the same people who cashed out in this tech slide, and now are going to cash back in. Crazy.