Magnificent 7 stock bloodbath

Discussion in 'Wall St. News' started by Nighthawk, Jul 24, 2024.

    • Meta Platforms is down -15.5% from its high
    • Amazon is down -10.3% from its high
    • Nvidia is down -19.41% from its high
    • Apple is down -8.18% from its high
    • Alphabet is down -10.39% from its high
    • Microsoft is down -8.70% from its high
    • Tesla is down -20.77% from its high

    Reality is a B.TCH! :sneaky::sneaky::sneaky:
     
  1. upload_2024-7-24_22-22-14.jpeg
     
  2. Businessman

    Businessman

    WRONG

    Tesla is down almost 50% from its high (you might have meant 52 week high, but you didn't say :sneaky:)
     
    Last edited: Jul 24, 2024
    zdreg likes this.
  3. So basically back to where they were 4 weeks ago
     
  4. S2007S

    S2007S

    $700 billion combined market cap wiped of the mag 7 today alone!!!

    Nasdaq had its biggest sell off since late 2022. Almost 2 years ago
     
  5. S2007S

    S2007S



    And when the s&p falls between 20 to 25% and ends up back around 4000 it will be only at October 2023 lows....

    And I will repeat that a 20 to 25% drop in the s&p would literally feel like a depression, but literally would take the s&p back to October 2023 not 1929 or even 1987....not even 2000 or 2008, just 2023.
     
  6. S2007S

    S2007S


    Nasdaq down just 7% from its highs set just a week ago.....I mean it did take how many hundreds of trading days for this occurrence???
     
  7. Coin Flip

    Coin Flip

    Amazon down 10% from high, Apple down 8% from high and you call that a "bloodbath"?

    Meh.
     
    ironchef and p0box4 like this.
  8. SunTrader

    SunTrader

    Yup you know. Not 52 weeks ago or alltime highs. MRO swing highs. Not that complicated.
     
  9. R1234

    R1234

    Feels like an overshoot. Reversion to the upside tomorrow.
     
    #10     Jul 24, 2024