The Nasdaq Is Down 11.6% in 2022 -- 6 Charts Suggest What Will Happen Next
I don't know about you, but my portfolio has been bleeding red since the beginning of the year. Multiples have been contracting, and a lot of former high-flyers are amazing bargains right now. On Monday, I started buying my favorite crypto again. (trading disclosure rules prevent me from saying which one.) And happily, that coin was up nicely on Tuesday. So maybe we've reached a bottom in crypto. And I've noticed a few of my big stock losers, like Smile Direct Club, were up big on Tuesday, too.
Overall, the Nasdaq is down 11.6% since the beginning of the year (as of Wednesday afternoon). That's a pretty big hit considering the index is dominated by mega-caps like Apple, Amazon, and Microsoft. Let's take a look at some prior crashes -- September 2001, the Great Recession of 2008-09, and the coronavirus sell-off in 2020 -- and see how the stock market responded after these sell-offs.
Image source: Getty Images.
Source Fool.com
