On holidays so I'll keep it short,
Nasdaq down 22.5% last night since the August high, officially in bear/market crash mode.
All the bigger tech names were heavily sold off, FB, Google, Apple.
It seemed like once the Nasdaq had confirmed a 20% bear market was happening then all these bigger names stocks just started to sell off automatically, not in a panic but sustained selling.
Will this selling continue next week and even more so when other indexes starting falling into that 20% bear market territory??
Kind of reminds me of the constant sustained sell off in Oil..
Without 'good news', those expecting a bounce may not get it..
What are your thoughts on this @Diver Dan?
On holidays so I'll keep it short, Nasdaq down 22.5% last night...
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