A historic pounding...
The decline has been dramatic. Many investors must wonder about the viability of the sector. At this point, the decline has easily surpassed anything we could attribute to fundamentals.
We have a sector driven by terrifying technicals. The recent price action alone is enough to convince some observers that the companies must be dead.
That argument should be addressed.
Spoiler: They are not dead. The market is just angrily smashing things.
For those who want to