Reverting to pre-pandemic levels will require the Dow to drop -20%, the S&P to fall -30% and the NASDAQ to plunge -40%. [Dow has hit -7%, S&P: -10%, NDQ: -16%]
by mark000 Gains put on since the Feb 2020 highs are all built on fantasy. NASDAQ is up +65% since its pre-pandemic high of ~9700. The mania is over. And as this current stock market turmoil continues and gets worse …