Uh oh: Jim Cramer says the Nasdaq dropping isn't the end of the world 👀
· Aug 2, 2024 · NottheBee.com

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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