due in part to interest rates on nonprofitable stocks ie no money to pay the cost of debt.
Here is the Goldman Sachs non profitable tech stocks index for Dec 10
not sure what percentage of these stocks make up the NASDAQ. might be as high as 70% I heard on investment banker say. But not sure if it was referring just to IPOs. any ideas?
now look at this chart ... bottom of the range and support line meet.
What does this say to you? is this a precipitous moment?
I guess we will only know in coming days.
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Last
8,076.6 |
Change
70.350(0.88%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,076.6 | 0.00 | 0.00 |