Nasdaq Composite plunges 694 points, raising possibility of market crash
- 1On October 22, the Nasdaq Composite recorded a decline of 694 points or 2.6%.
- 2The S&P 500 Shiller P/E ratio (CAPE Ratio) reached approximately 43 in early June.
- 3Broker unsettled margin debt was recorded at a record 1.502 trillion dollars in June.
So what's the key point?
The Nasdaq index fell significantly by 694 points. Concerns about a potential market crash are rising as the metric measuring how expensive stock prices are relative to earnings has reached 43.
Source The Motley Fool +1 · View original ↗
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