– The Deer Is Back – Nasdaq Suffers Biggest Loss Since Nov 2011 (Zerohedge, April 10, 2014):
But the pretty people on TV said the Fed Minutes proved they were the most dovish ever and initial claims hit recovery lows… What a total disaster – Equity markets peaked within a few minutes of the open and never looked back – yesterday’s “Fed Cat Bounce” gave way to Really Red Thursday…
- Biotechs -6% worst day since Aug 11
- Nasdaq -3.2% worst day since Nov 11
- Russell 2000 -3.1% worst day in 12 months
- S&P “Growth” -2.5% worst day in 10 months
- Financials -2.2% worst day in 10 weeks
- Social Media ETF -4% worst day in 11 months
- VIX +17% biggest rise in 3 months
- Nikkei knackered… Hits 14,000 – down 14.25% from highs to six month lows
Nasdaq and Russell are -6.5% from recent highs and the S&P is -3.5% from its highs…
