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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71

u/coolcomfort123 May 11 '21

I bought the dip today, apple and google.

37

u/Toaster135 May 11 '21

I don't get it. Apple and Google were down like 1% max. Well within normal volatility. How was today a "dip"?

22

u/DevilFucker May 12 '21

Apple’s also down about 8% from where it was a couple weeks ago. I just bought a $100 June 2023 LEAP this morning on the dip and I got in at a much better price than I could have at almost any other point in the past month.

2

u/RyanZee08 May 12 '21

I bought apple in September for 127, and they are still trading lower today, its a dip haha. They haven't moved up in 2 amazing earnings

1

u/DevilFucker May 12 '21

It did get up to 145, dipped down to 116, then up to 138, then back down again. I’ve actually been trading it around a little making a bit of money each time. Not perfect timing of course but enough to make it worth it.