It's been another painful day on Wall Street, with the Dow falling more than 400 points so far.
Dear Sheryl,
It's been another painful day on Wall Street, with the Dow falling more than 400 points so far. The real story today, though, is the more than 3% drop in the Nasdaq. The Nasdaq was dragged lower by Facebook (FB), Apple (AAPL) and NVIDIA (NVDA). As you know, NVDA is my flagship stock and its recent decline has been disappointing. The reality is that there's a leadership problem in the stock market, and these three stocks are undermining confidence right now. But there is good news: The Nasdaq has finally retested its low. That's a big deal, folks. So I've recorded a Special Market Podcast to discuss today's retest, provide an update on NVDA and cover why the stock market should rebound strongly from here. You can listen to today's Special Market Podcast here. If you encounter any technical issues with playing the recording, please contact my customer service team, and they'd be happy to get you squared away. I hope you all enjoy the Thanksgiving holiday! Sincerely, Louis Navellier
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