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URL:  https://boards.fool.com/stocknovice-thanks-for-your-kind-words-you-are-34131641.aspx

Subject:  Re: Stock market correction and SaaS stocks Date:  2/11/2019  1:39 AM
Author:  GrowthMonkey Number:  51571 of 70696

Stocknovice,

Thanks for your kind words.

You are right and I stand corrected : stocks in other sectors are discussed sometimes on this board but the vast majority of the posts are about Saas stocks.

I get the SaaS model and it is a great business, but these stocks are also vulnerable to stock market downtrends/recessions (they declined by 27-60% during last year's correction).

I have nothing against SaaS and roughly 20% of my portfolio is invested in these companies but they are not 'safe havens' which can thrive in a tough stock market/business environment.

If and when a business slowdown comes along, highly likely that SaaS stocks will also tank along with the rest of the market (due to general sentiment and valuation compression).
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