Some thoughts on the US Tech crash $ARKK is now down about 70% from its highs made in Feb 2021, $SNAP is down 80% from highs made in Sep 21 same with $NFLX and most of the tech stocks FAANG is down about 30-40% from highs Is the bottom near? are we in capitulation? I think not, ARKK is mirroring the move we had in Nasdaq in the 2000 tech crash Nasdaq fell 80% during that time and it took years just to stabilise One may argue that this time is different, but I dont think these compnies are going back to their bubble highs anytime soon.
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