Stick around.
(jmo)
moa
(my opinion also)
There are several companies that are over valued. These companies have a disproportionate share of the markets and when they come under analysis, their price declines dragging many other companies down in the process.
We hear and see a lot of “technical analysis “ that is just garbage. An exhorbient price to earnings ratio means the price is based on hope. The fact the price curve takes on this or that shape represents buyer fallibility.