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Tech stocks have experienced this magnitude of decline only five times outside of financial crises, according to Steven Lubka.
Lubka described the current drop as extremely rare outside of events such as those in 2000, 2008, and a few other crisis periods.
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Lubka has previously argued that U.S. companies should be free to offer shares to children, calling such incentives part of modern markets. He has also noted that yields have declined while market breadth has increased, despite ongoing weakness in certain risk and AI assets. His recent comments place the current tech stock decline among only a handful of rare episodes outside of major crises.