"We have never been down 1,000+ points — EVER, not even intraday — on the Nasdaq." - Fox Business
(twitter.com)
- N C S W I C -
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While that is true, Nasdaq was up in the stratosphere. More than 3x what it was at the height of the dot com boom. 1000pts on a percentage basis isn’t as high as it sounds
Adjust for inflation and it is much less. Inflation has made everything seem like a great investment.
6% loss is huge on opening bell