“Worried About A Looming 40% Crash? It’s Here Already For 12 Stocks”
August 1, 2024
“Twelve stocks in the S&P 500, including Walgreens Boots Alliance (WBA), Dexcom (DXCM) and Super Micro Computer (SMCI), have already crashed 40% or more from their 52-week highs, says an Investor’s Business Daily analysis of data from S&P Global Market Intelligence and MarketSurge. A 40% decline is at least what it would take for the S&P 500’s valuation to return to long-term averages, based on CAPE yields (a long-term expected returns gauge)…”
That doesn’t mean they can’t fall further. Crashes happen on stocks all the time. They’re called penny stocks. No stop twisting words. A crash refers to the market as a whole. When / If the market crashes these stocks could crash again.