We’ve been using AMZN shares as a bellwether for the stock market as a whole, so yesterday’s $30 plunge — that’s 5.4% in a single day — should be seen as ominous. It opens a path down to $489, which would mark a 30% decline since December, when the stock hit an all-time high near $696. Another nasty leg down is not yet a foregone conclusion, but the carnage that has occurred is reason to worry about the health of the market.
Amazon’s Steep Plunge Is Ominous
- February 4, 2016, 6:23 am
The $valug geo index, is an actual investment per dollar amount to each stock traded.
To add..to the 2002 and 2009 low point the $valug geo index had hit the same low, only in real dollars to each investment per 100.00$ on each stock equality invested.
That low point was at the 1987 high point in INDU/SP terms in value.