Some big-name drawdowns from their respective 52-week highs

1.ARKK$ARKK(ARKK)$ Top 30 Holdings and Their Respective Drawdowns from ATHs.
-Average current drawdown is ~ 77%
-Average Max drawdown is ~83%
The Tech bubble has already been popped.
The strength in AAPL$Apple(AAPL)$ is camouflaging what is really going on below the surface.

$Zoom(ZM)$ $Tesla Motors(TSLA)$$Exact Sciences(EXAS)$ $Roku Inc(ROKU)$ $Block(SQ)$ $UiPath(PATH)$ $Teladoc Health Inc.(TDOC)$ $Shopify(SHOP)$ $CRISPR Therapeutics AG(CRSP)$ $Intellia Therapeutics(NTLA)$ $Beam Therapeutics, Inc.(BEAM)$ $Coinbase Global, Inc.(COIN)$ $Twilio(TWLO)$ $Unity Software Inc.(U)$ $DraftKings Inc.(DKNG)$ $Pacific Biosciences of California(PACB)$ $Ginkgo Bioworks Holdings Inc.(DNA)$ $Robinhood(HOOD)$ $Roblox Corporation(RBLX)$ $Fate Therapeutics(FATE)$ $Veracyte(VCYT)$ $PagerDuty, Inc.(PD)$ $Twist Bioscience Corp(TWST)$ $10x Genomics, Inc.(TXG)$ $Ionis Pharmaceuticals(IONS)$ $Trimble Navigation(TRMB)$ $NVIDIA Corp(NVDA)$ $CareDx(CDNA)$ $Verve Therapeutics(VERV)$ $Adaptive Biotechnologies Corp(ADPT)$ 2.Some big-name drawdowns from their respective 52-week highs.
The average drawdown on this list is 44%.

$Visa(V)$$Apple(AAPL)$ $Microsoft(MSFT)$ $Alphabet(GOOG)$ $Alphabet(GOOGL)$ $Amazon.com(AMZN)$ $Tesla Motors(TSLA)$ $NVIDIA Corp(NVDA)$ $Netflix(NFLX)$ $PayPal(PYPL)$ $Meta Platforms, Inc.(META)$ 3.$Cisco(CSCO)$ CSCO in 1999-2000 was trading at ~ 163x fwd P/E. It dropped ~90% from ATH to bottom at 13x fwd P/E.
Most shitcos today are already down 80%+
Big names are not dropping anywhere close to that.
Also, rates back then were much higher than today!

https://twitter.com/Gugo907/status/1594029282132533249