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Drawdown Delirium. How Bad Was It?

The Market Ear Picture

This is the 12th worst month for NASDAQ ever

A negative 13.3% qualifies for a 12th worst ever. You would have needed -15% to make it into the "worst 10" list (beating November 1973). To be the worst month ever you have to beat October 1987 that has a 27% decline. Our poster-child of this bear, ARK Innovation, actually managed to (-28% in April).

NASDAQ biggest drop since GFC