The Deer Is Back – Nasdaq Suffers Biggest Loss Since Nov 2011

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…

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