The Lowest NDX reading in 2022 was on Feb 24th:13065.44
However, on that day Yearly performance of NASDAQ 100 was 8.25% which is 2/3 of the average yearly performance in the past few decades!
On March 14th, NDX slipped to 13020, which was equal to -20.06% TD and -0.8% yearly..!
It was the first time since the COVID crash that NDX had such a big correction and yearly performance touched the negative zone!
Today, if you are looking at the performance table on the right upper corner of the chart, you see NASDAQ 100 performance is red in all the six boxes..! This means Weekly Monthly, 3 Monthly, 6 monthly, YTD, and yearly performance is Negative..!
I think anyone who thinks this is a bull market will pay the price soon..!
and this is just the beginning of the story..!
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
*I am 100% cash at the time of writing this!
However, on that day Yearly performance of NASDAQ 100 was 8.25% which is 2/3 of the average yearly performance in the past few decades!
On March 14th, NDX slipped to 13020, which was equal to -20.06% TD and -0.8% yearly..!
It was the first time since the COVID crash that NDX had such a big correction and yearly performance touched the negative zone!
Today, if you are looking at the performance table on the right upper corner of the chart, you see NASDAQ 100 performance is red in all the six boxes..! This means Weekly Monthly, 3 Monthly, 6 monthly, YTD, and yearly performance is Negative..!
I think anyone who thinks this is a bull market will pay the price soon..!
and this is just the beginning of the story..!
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
*I am 100% cash at the time of writing this!