Switzer on Saturday

Nasdaq freefall – how worried should you be?

Founder and Publisher of the Switzer Report
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So how worried should we be about the latest stocks sell-off in the US? Over the weekend, the losses weren’t too bad with the Dow off 143 points, which is only 0.89%. Its loss for the week was 2.4%.

The big clobbering has happened to the Nasdaq, which houses the momentum stocks, such as Netflix, Twitter, etc, and here the loss was more worrying. The high-tech index was down 3.1% for the week and has tumbled 8.2% since its six-year high of 4357.97 on 5 March 2014.

This is hovering close to correction territory – 10% - but that's all understandable considering the share price rise for some of these stocks that are not even making profits!

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