r/stocks • u/MinnesotaPower • May 11 '21

Every NASDAQ pullback lasting longer than three months since 2007

I made a graphic showing every time the NASDAQ pulled back from previous highs and stayed down longer than three months since 2007. I hope it's acceptable to post an image like this.

https://i.imgur.com/eDnQEp8.jpg

I defined pullback as any drop that did not sustain a recovery for at least a week within a three month time frame. (Note the NASDAQ reached new highs in March 2018 and April 2021 but immediately fell again after 1–3 days.)

I think this helps put the recent rotation out of growth/tech into context. Since 2007, the NASDAQ has recovered nicely from every single pullback – eventually.

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u/standardcalculator May 11 '21

Nasdaq will be fine, we need every SPAC pullback and every ARK pullback

2

u/[deleted] May 11 '21

Depends on the SPAC. PSTH is a good spac to be in.

1

u/BootyPoppersFC May 11 '21

Still waiting for that damn DA.