Biggest Bears

Especially after suffering their worst week since 2008, pretty much everyone knows that stocks are struggling of late.  But with each of the major indexes falling into bear market territory, many are probably unaware of just how swiftly and severely individual stocks have been hit.  Many of Wall Street’s recent favorites are down a ton, with the popular “FAANG” stocks (Facebook, Amazon, Apple, Netflix, and Google) down anywhere from 20% to 40%.  Research firm FactSet created the following graphic, showing just how bad the carnage has been – and keep in mind that the losses are through the 20th, and don’t include the further damage done on Friday the 21st: