With the Nasdaq Composite down more than 20% so far this year and the stock market's violent reaction to Fed Chair Jerome Powell's speech on Friday, it might be tempting to sell stocks. Skeptics worry about legislation that could hamper the company's stronghold. Read More...
Investor’s Business Daily
How Much More Time Is Needed Before These Tech Stocks Bottom Out For Real?
If the Nasdaq composite has not in fact put in a bottom for the year, this would imply two things. One, the tech-centered index would be poised for another big spill. At 12,017, it would have to drop more than 12% to take out the June 16 low of 10,565. Certainly, if that were to happen, those investors betting on…
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