techcrunch.com – At some point things had to come back to reality. Even if only a little.
After a multi-year bull cycle that raised the prices of domestic equities to levels that made value-focused investors squirm, the U.S. markets are suffering from a stiff correction, dropping in partial step with international shares and other assets.
It’s a global cold, and everyone is sneezing.
Apple opened dramatically lower this morning, mirroring broad index declines. Twitter dropped a few points in regular hours, and more after, trading below its IPO price. Box has fallen even more, also trading below its IPO benchmark.
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