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Market Turmoil Is Ultimate Test of What’s Real and What’s Not
Look beyond the major benchmarks, and it’s easy to find examples of 50% losses—or worse.
05 Feb 2022, 12:02 PM IST
(Bloomberg Businessweek) -- It’s been an ugly start to the year in the stock market, and many on Wall Street are bracing for it to get even uglier. On Jan. 25 the S&P 500 index was almost 10% below its last high, which was reached on the first trading day of 2022. The Nasdaq-100 index was off nearly 15% from its peak in November, while the Russell 2000 Index of smaller companies was down almost 18% from its latest high.
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