Market Breaks As Tech Tumbles After G-20 Comments

Update: As Nasdaq accelerated lower, the market – as it tends to do – broke…

• NASDAQ PSX DECLARES SELF-HELP AGAINST NYSE AMERICAN   

• NASDAQ BX DECLARES SELF-HELP AGAINST NYSE AMERICAN  

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An absence of dip-buyers has prompted a 6.5% plunge in Facebook…

and the biggest drop in FANG stocks since Feb 8th as Bloomberg reports the G-20’s “digital tax” issue will impact Google, Amazon, and others…

• *DIGITAL TAXATION IS SAID TO BE MAJOR STICKING POINT AT G-20

FANG is fubar but then there is NFLX +65% YTD!!

 

And Nasdaq is getting crushed…

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