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Get ready for a steep drop that sets up one more ‘FANG-tastic’ buying opportunity

The Nasdaq’s performance has been just “FANG-tastic” this year.

It has been continuously driven higher by the FANG (or FAANG) stocks — Facebook FB, +0.61% Amazon AMZN, +0.07% Apple AAPL, +0.53% Netflix NFLX, +0.58% and Google parent Alphabet GOOG, +0.47%GOOGL, +0.58%

FANG stocks have become so dominant that it won’t take a crash to drag down the S&P 500 SPX, +0.19% and Dow Jones Industrial Average DJIA, +0.30% as well as, of course, the Nasdaq Composite COMP, +0.18% Will those bubble-seeing “pros” finally get a measure of vindication?

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