That’s 12 days for you home gamers.
According to Exodus, out of 4,277 stocks in the data base, 1,078 of them are down 20% or more. There are 447 stocks down more than 30% for the year, more than 10%. These are appalling numbers, stats that should shame the Federal Reserve for helping to create an environment that made this possible.
The hardest hit sectors have been: Shipping (-33%), Electronic Stores (-31%), Oil and Gas exploration (-31%) and Nuclear (-29%).
Biotech, a long term favorite for momentum investors is down 23% for the year, and down 36% over the past six months.
Conversely, TLT is up 8.6% over the past six months, not including dividends.
The top performing sector has been water utilities, down 0.3%.
Bear market, lads.
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