Obama's *new* 'Conomy aka. CasinoConomy
"No blind man saw that coming"
The first wave down in the Nasdaq took out all the small caps, the index was saved by the mega-cap momentum stocks "FANG" Facebook, Amazon, Netflix and Google. Those stocks are done now too. The Nasdaq was down -20% at the recent lows and FANG is rolling over...
Netflix - 35%
Amazon - 28%
Google - 13%
Facebook - 13%
Nasdaq 100 with Nasdaq % of stocks above 200 dma: