Tech-Wreck Continues – FANG Stocks Tumble Below Friday Flash-Crash Lows

It’s not over…

Felix Zulauf (via Barron’s round table)

Do you have any specific investment picks for the second half?

I don’t. Investors should tighten risk-management strategies to their portfolios. I expect the FANG stocks and the Nasdaq to have a big selloff. They could easily fall 30% or 40%. But I don’t want to end my Roundtable career on a bearish note. [Zulauf announced at the January Roundtable that he is “retiring” from the panel after this year.]

Once the bear market is over and the recession or economic crisis passes, stocks will go up again.

FANG Stocks just took out Friday’s flash-crash lows…

https://i2.wp.com/www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/06/11/20170612_fang4_0.jpg

Source: ZeroHedge

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