The nasdaq composite is down about 8% from its highs.
AMZN, GOOG, FB, AAPL, TSLA, and MSFT make up nearly 50% of the Naz 100 index.
Good stocks really, which help the rest rise and fall with the tide. There's definitely a disconnect between what we are told (ie a quote on the Q's), and what is actually going on however. For that very reason.
So in that regard, I guess its more accurate to call it a stock picker's market at this point; on both the buy and the sell side. So maybe the Naz won't go red tomorrow. If the big money want the big 6 (above), up we go. A rising tide lifts all boats. Thing is, many of the popular wsb/reddit stocks aren't in the Naz 100. Most aren't. Those are the ones that the "water" will continue to "seek its level" on regardless of the broader index.
Thanks Vz i get it now,