# Professor Roy Smith discusses the recent stock market turbulence

1 Faculty News August 24, 2015 ![WIRED logo](/sites/default/files/styles/246w/public/assets/images/con_032348.jpg?itok=Wszefc-R)>

Excerpt from [WIRED](http://www.wired.com/2015/08/tech-giants-tumble-black-monday/) -- "[Roy Smith](http://www.stern.nyu.edu/faculty/bio/roy-smith), a professor of international business at the Stern School of Business at New York University, says that the US market may have been due for a correction. 'Tech stocks may have been somewhat overvalued anyway, \[especially\] if they were counting on the huge Chinese retail market to suck up the products and services of the big US tech firms,' he says."

[Read more](http://www.wired.com/2015/08/tech-giants-tumble-black-monday/)