Jerry Murdock

Someone panicked, maybe the others are just sitting on the sidelines.

Someone panicked, maybe the others are just sitting on the sidelines.

What you're seeing is less about panic selling because it'd be down a hell of a lot more than it is.

What you're seeing is less about panic selling because it'd be down a hell of a lot more than it is.

And what you're seeing is cautious on the sidelines buyers that are saying, hey, I don't see a deal here.

And what you're seeing is cautious on the sidelines buyers that are saying, hey, I don't see a deal here.

I'm not sure I have enough information to jump back into CrowdStrike and bring the stock price up.

I'm not sure I have enough information to jump back into CrowdStrike and bring the stock price up.

So is it an over-rotation or is it just a pause where a lot of investors are sitting back saying, hey, let's get more information about who's going to be the winners and who's going to be the losers?

So is it an over-rotation or is it just a pause where a lot of investors are sitting back saying, hey, let's get more information about who's going to be the winners and who's going to be the losers?

That's the way I see it.

That's the way I see it.

Yeah.

Yeah.

So March of 2000, almost 26 years ago, tech stocks dropped between 30 and 40% across the board.

So March of 2000, almost 26 years ago, tech stocks dropped between 30 and 40% across the board.

And then if you missed a quarter, you were down over 50 or 60%.

And then if you missed a quarter, you were down over 50 or 60%.

And we lived in that malaise March through the summer.

And we lived in that malaise March through the summer.