This is the third worst start for the S&P 500 index in history. It’s even worse for the Nasdaq, which is down over 23% this year. Some of the tech giants like Netflix are down over 70%. It seems we are in the “see, I told you so” phase with all the crash predictors (never mind they’ve been on that train for years). It also seems the “stonks only go up” crowd is getting a—possibly much needed—dose of reality.
Some Pictures for Perspective
Some Pictures for Perspective
Some Pictures for Perspective
This is the third worst start for the S&P 500 index in history. It’s even worse for the Nasdaq, which is down over 23% this year. Some of the tech giants like Netflix are down over 70%. It seems we are in the “see, I told you so” phase with all the crash predictors (never mind they’ve been on that train for years). It also seems the “stonks only go up” crowd is getting a—possibly much needed—dose of reality.