| Stocks are hovering around record highs amid strong second-quarter earnings results, but Citi believes the market is vulnerable to a 10% correction, thanks to novice investors piling into speculative technology names.
"Too many inexperienced investors are plowing into technology ideas that seem overvalued at 20x revenues, complaining that the often older investment community does not understand the disruption taking place and are too handicapped by traditional metrics," the firm wrote in a note to clients.
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