Dow is down 7% from the top
Nasdaq is down 15%
Deep cuts.
Brutal selloff #NASDAQ100, one year returns are down to just 2.5%
This is despite Microsoft and Alphabet still being up 35-40%
Selloff in the broader markets has been much more severe
At 12% down this is the worst ever January for Nasdaq.
42% Nasdaq stocks are more than 50% off their All Time Highs.
The Fed has been behind the curve,should have stopped the QE last July.
Now Triple Whammy of Taper,Hike and B/S Run off is spooking sentiment.
Nasdaq investor sentiment is worse now than it was in MARCH 2020.
Bearishness has fallen to such an extreme that it supports a significant stock market rally.
Source: Mark Hulbert
My Investment Notes 