FANG Stocks: "The Attack on the High Tech Giants"
When leaders turn into laggards
by Bob Stokes
Updated: October 09, 2017
FANG stocks -- Facebook, Apple, Amazon, and Google (now Alphabet) -- hit their most recent share price highs about two months ago. Is this the time to "buy the dip," or a sign that the NASDAQ 100 is "cruising for a bruising"?
Hot bull market stocks can and DO lead the way down.
For example: Take a glance at the most damaged chart patterns after the turn-of-the-century dot.com bust, and you'll see how many of those stocks were the highest of the high-fliers during the dot.com boom.
The set-up is eerily similar in late 2017. Plus, today's degree of trend in the stock market is larger.
It behooves you to FULLY GRASP the meaning of that last statement.
Plainly spoken -- EWI analysts anticipate that the NEXT market downturn will be one for the RECORD BOOKS.
No exaggeration -- no hype -- no fooling.
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