Monday, May 16, 2022
Usually it's a newsworthy event when the price of a well-known tech company falls by more than 10% in a week's time. However, in the last few weeks almost every single day has seen multiple major technology bellwethers taking double-digit losses. So how bad can this get?
Analysts at Chartr combed through 50 years of daily data from the NASDAQ Composite to get perspective on how bad the current sell-off has been—and how much worse could it get. So far the NASDAQ is down 29% from its previous peak—officially in bear market territory. However, this decline isn't even close to the 70%-80% declines seen during the bursting of the dot.com bubble in 2000 and the financial crisis of 2008. (Chart by chartr.co)
