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The recent collapse in stock prices appears to persist. After an apparent recovery of stock prices last Thursday and yesterday, new data (quarterly earnings) was announced. Among others, internet companies such as Alphabet (Google) and Amazon reported their quarterly numbers. Alphabet fell after announcing its quarterly data by almost 5 percent in after-hours, whereas Amazon fell 8 percent due to disappointing sales growth. In addition, the other members of the so-called FANG group (Facebook and Netflix) also dropped.

When Will Investors Recognize the Internet Bubble for What It Is?

<p>Source: Merrill Lynch</p>

Trends Seem to Gain Strength

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