Why the coronavirus outbreak could throw tech stocks into a bear market (via TradingNation)
Meeks, who's known for running the world's largest tech fund during the dot-com boom, sees 20% pullback risks growing as the coronavirus outbreak spreads.
"There is some comeuppance due, and unfortunately I think the coronavirus is that exogenous variable that is a catalyst to take some of these stocks down," the portfolio manager at Independent Solutions Wealth Management told CNBC's "The major indexes ended the week meaningfully lower after a series of new coronavirus cases sparked fresh concerns over a global economic slowdown. Tech stocks led Friday's sell-off. The Nasdaq had its worst daily performance since last month.
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