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@Patrick, I know you are on an airplane, or just off one (which is probably why the FANG stocks decided to crash today), but that chart looks much better if not shrunk. The full version is only 142kB. Maybe I'll mail it to you.
@justme I uploaded the full size image and made it a link from the small image.
So anyone can just click on the image in the original post now to get the full size one.
And WTF happened to those stocks?
I was indeed on a plane. My darling stock SHOP got whacked as well.
And WTF happened to those stocks?
i like to think of it as a bit of reality setting in for the FANG stocks. But it is not just FANG or FANTA or FAANG or FAAMG stocks experiencing serious turbulence. It also looks like the chief unicorn of private (unlisted) companies, namely Uber, is in serious trouble.
Apple should be removed from the list due to it's low P/E and dividend. Add in Tesla.
What's a FANG stock?
It stands for Facebook, Apple, Netflix, Google. There are variations to that acronym depending on the stocks included. For example, if they include Amazon it may be FAANG.
FAANG are continuing on their downward trajectory. They are down -1 to -4% today, with NFLX (Netflix) leading the pack down. AAPL (Apple) is not far behind at -3% at the moment. This is going to get interesting.
You can't go wrong with Amazon, Safeguard Scientifics, Facebook, Universal Corporation, Kelloggs.
So, @jvolstad, it is not just housing you should not put your money into, it is also the stock market ;-)