But a whole generation of investors has never been through a Nasdaq-bubble unwind, and they’re shocked.
Apple plunges. FANGMAN stocks down 10.4% for the week, down $1.12 trillion from peak.
One after the other, individual stocks are getting crushed.
It gets costly when the entire market depends on a handful of over-hyped mega-caps.
Fears the bull market died sent people & algos scrambling out of the way.
Amazon, Google, Netflix, Nvidia get crushed. Et tu Apple?
Yet, the crybabies on Wall Street are already clamoring for the “Powell put.”
The FANGMAN stocks went to heck afterhours.
And some of the rot is oozing to the surface.
Crash insurance with an expiration date. But its working while it lasts.