• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing
  3. / U.S. Equity

We're Not in a Bubble, It's Already Popped

Some predict a looming crash, but many stocks have just had one.
By CODY WILLARD Nov 13, 2015 | 03:30 PM EST
Stocks quotes in this article: ABX, GG, GDX, CHK, MHRC, BTU, DDD, SSYS, VJET, GPRO, FOSL, VRX, SUNE, GOOG, GOOGL, AMZN, AAPL, FB

Talk about stock-market crashes! Plenty sectors and individual stocks are crashing relentlessly right now.

I spent last night going through a lot of charts on my quote screens and was rather amazed to see how many stocks have fallen 70% or more over the last year or two.

For instance, gold mining has crashed over the last five years. Every gold miner I looked at is way down, including Barrick Gold (ABX), GoldCorp (GG) the Market Vectors Gold Miners ETF (GDX) itself:

Gold Miners Chart
Source: Yahoo! Finance
View Chart » View in New Window »

Dozens of energy stocks have also crashed over the last 2-1/2 years. I thought of three -- Chesapeake Energy (CHK), Magnum Hunter (MHRC) and Peabody Energy (BTU) -- off the top of my head. But there are dozens more with charts just like this:

Energy Stocks Chart
Source: Yahoo! Finance
View Chart » View in New Window »

How about 3-D Printing? Look at 3-D printing stocks 3D Systems (DDD), Stratasys (SSYS) and VoxelJet (VJET) and how far they've crashed over the past two years:

3-D Printers Chart
Source: Yahoo! Finance
View Chart » View in New Window »

And don't forget GoPro (GPRO) and Fossil (FOSL), two very different kind of wearables that have both tanked over the last year:

Wearables Chart
Source: Yahoo! Finance
View Chart » View in New Window »

Some stocks like troubled Valeant Pharmaceuticals (VRX) and SunEnergy (SUNE) have even crashed in the past 90 days:

VRX-SUNE Chart
Source: Yahoo! Finance
View Chart » View in New Window »

In 2010 and 2011, I used to loudly predict that we were likely heading into largest stock-market bubble in history. Commentators have long pointed to Alphabet (GOOG, GOOGL), Amazon (AMZN), Apple (AAPL) and (more recently) Facebook (FB) as evidence that we're in a huge bubble that's about to pop.

But looking at the charts above, it seems like many sectors have already gone through a huge crash over the past few years. So, it sure doesn't look to me like we're in a speculative bubble any more.

True, this five-year chart of 3-D printing stocks shows how high some companies got before they tanked:

3-D Printers Five-Year Chart
Source: Yahoo! Finance
View Chart » View in New Window »

But Alphabet, Amazon, Apple and Facebook are all at or near all-time highs.

As an opportunist and contrarian, I'm digging into the hard-fallen former high flyers to seeing if there's anything in the rubble worth picking up. But for now, my biggest positions remain the "Four Horsemen of Tech" -- Alphabet, Apple, Amazon and Facebook.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

At the time of publication, Willard was long AAPL, GOOG, FB, AMZN, although positions may change at any time.

TAGS: Investing | U.S. Equity

More from U.S. Equity

When Did We Stop Worrying About the Wealth Effect?

Peter Tchir
Jul 5, 2022 1:00 PM EDT

This looks like a market pricing in a recession/policy mistake.

An Encouraging Development in a 'Terrible' Stock Market

James "Rev Shark" DePorre
Jul 5, 2022 11:20 AM EDT

There's a bright spot, but it needs to be sustained.

Valuation and Market Sentiment Face Off Against the Charts

Guy Ortmann
Jul 5, 2022 10:45 AM EDT

Let's check the latest index charts and market data.

3 'Hiding Places' for Investors to Shelter in This Bear Market

Stephen Guilfoyle
Jul 5, 2022 10:00 AM EDT

These stocks have done me right of late, and are in better technical shape than the market.

Food for Thought on 2 Restaurant Stocks

Paul Price
Jul 5, 2022 7:00 AM EDT

Being approximately correct in your timing decisions is all you need to make a ton of money.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 12:01 PM EDT PAUL PRICE

    A Recent Director Buy in Children's Place (PLCE)

    Four of the most recent insider trades in Children...
  • 07:34 AM EDT PAUL PRICE

    A $525,000 Vote of Confidence on Macerich (MAC)

  • 09:49 AM EDT JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    Stop Wishing, Hoping, and Praying and Take Control...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2022 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login