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  • There's Blood in The Streets - The Irrelevant Investor

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    The article discusses the recent declines in major tech stocks and their negative impact on the market. It notes that the Nasdaq 100 is in its third bear market in the last 5 years. Several large tech companies have fallen significantly, wiping out years of gains, and the seven biggest stocks in the US have declined by $3 trillion total from their peaks. While the market environment is difficult, the author argues that these businesses are now cheaper than they were a year ago.

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    The article discusses the recent declines in major tech stocks and their negative impact on the market. It notes that the Nasdaq 100 is in its third bear market in the last 5 years. Several large tech companies have fallen significantly, wiping out years of gains, and the seven biggest stocks in the US have declined by $3 trillion total from their peaks. While the market environment is difficult, the author argues that these businesses are now cheaper than they were a year ago.

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    © All Rights Reserved
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    14 views8 pages

    There's Blood in The Streets - The Irrelevant Investor

    Uploaded by

    Banderlei Silva
    The article discusses the recent declines in major tech stocks and their negative impact on the market. It notes that the Nasdaq 100 is in its third bear market in the last 5 years. Several large tech companies have fallen significantly, wiping out years of gains, and the seven biggest stocks in the US have declined by $3 trillion total from their peaks. While the market environment is difficult, the author argues that these businesses are now cheaper than they were a year ago.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 8

    24.09.

    2023, 08:51 There's Blood in the Streets - The Irrelevant Investor

    Home About Michael Invest with Michael Michael’s Book Animal Spirits Podcast

    There’s Blood in the Streets


    Posted March 8, 2022 by Michael Batnick

    The Nasdaq 100 is currently in its third bear market of the last 5 years.

    https://theirrelevantinvestor.com/2022/03/08/theres-blood-in-the-streets-2/ 1/8
    24.09.2023, 08:51 There's Blood in the Streets - The Irrelevant Investor

    Tech stocks are getting vaporized. Amazon fell 5.6% today, wiping out all the
    gains going back to July 2020. Netflix and Facebook are trading at the same level
    they were at in 2018.

    The three strongest names in the group, Apple, Google, and Microsoft, are finally
    losing their bids. All are in correction territory.

    The amount of market cap that’s being sucked out of these names is without
    precedent. The seven biggest stocks in the United States are $3 trillion lower to-
    day than they were at their combined peaks.
    https://theirrelevantinvestor.com/2022/03/08/theres-blood-in-the-streets-2/ 2/8
    24.09.2023, 08:51 There's Blood in the Streets - The Irrelevant Investor

    Facebook has shed more market cap than any other stock in the world. $567 bil-
    lion wiped out. $510 billion remain.

    The somewhat messy chart below is sorted by market cap decline. Fun fact;
    PayPal is the 20th biggest company in the S&P 500 and has the ignominious
    honor of losing more market cap than all but 7 companies. A 70% decline in
    seven months for a mega-cap company is really something else.

    https://theirrelevantinvestor.com/2022/03/08/theres-blood-in-the-streets-2/ 3/8
    24.09.2023, 08:51 There's Blood in the Streets - The Irrelevant Investor

    It’s hard to find a lot of positives to say about the current market environment,
    but I’ll try anyway; These businesses are cheaper today than they were a year
    ago. Okay, that’s all I got for now.

    Have a nice night.

    For disclosure information please visit: https://ritholtzwealth.com/blog-disclosures/

    https://theirrelevantinvestor.com/2022/03/08/theres-blood-in-the-streets-2/ 4/8
    24.09.2023, 08:51 There's Blood in the Streets - The Irrelevant Investor

    Now go talk about it.


    FACEBOOK TWITTER LINKEDIN

    Now Read This


    Going Out On Top Exposing the Flaws Animal Spirits: Is
    Bitcoin the New Gold?

    https://theirrelevantinvestor.com/2022/03/08/theres-blood-in-the-streets-2/ 5/8
    24.09.2023, 08:51 There's Blood in the Streets - The Irrelevant Investor

    MICHAEL BATNICK, CFA


    Michael Batnick is a managing partner at Ritholtz Wealth Management. He is the co-
    host of Animal Spirits, What Are Your Thoughts, and The Compound and Friends. For
    disclosure information please see here.

    @michaelbatnick

    https://theirrelevantinvestor.com/2022/03/08/theres-blood-in-the-streets-2/ 6/8
    24.09.2023, 08:51 There's Blood in the Streets - The Irrelevant Investor

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    https://theirrelevantinvestor.com/2022/03/08/theres-blood-in-the-streets-2/ 7/8
    24.09.2023, 08:51 There's Blood in the Streets - The Irrelevant Investor

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