Here‘s a great piece from New York Magazine about Tiger Global, a venture capital firm who helped create the tech growth stock bubble that we are watching deflate right now.
“As the Tiger 40 stocks have tanked, the hedge funds that own them have gotten margin calls asking for more cash or collateral for their loans and redemption notices from investors wanting their money back. That in turn created more selling, which created even more selling, and so on. The same feedback loops that were operative on the way up are working in reverse on the way down.“
Push It A Stop 