Skip to content

Nasdaq Hides Deeper Pain With Over One-Third of Stocks Down 50%

  • Rarely has gap between composite index, members been as large
  • Ned Davis says gulf would usually suggest bear market ahead

The tech stock-rout, as steep as it’s been, has still only pushed the Nasdaq Composite Index down about 8% from its November high, just shy of an official correction for a benchmark that’s more than doubled in less than two years.

Yet beneath the surface it looks a lot worse.