You guys, I don't think this is a good sign…
Reminder:
Welp, it's all over, folks!
Pack it up.
Here's what Cramer's referring to:
And this:
The Nasdaq Composite index fell 2.2% on Friday, putting it on track to confirm it is in a correction following concerns about pricey Big Tech valuations and a cooling economy.
Hit by softer-than-expected job reports and disappointing forecasts from Amazon and Intel, the Nadsaq's latest decline leaves it down 10.2% from its record high close of 18,647.45 points on July 10. The Nasdaq 100 index was also on track to confirm a correction territory from its all-time closing high of 20,675.38 points.
An index or stock is widely considered to be in a correction, signaling investor pessimism, when it closes 10% or more below its previous record closing high.
Some replies from the web:
🤣🤣🤣
Jim Cramer's about to end the world with this it's-not-the-end-of-the-world-tweet!
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