Momos Mauled: Nasdaq Crashes Most Since 2011, Stocks Tumble From Record High

The jobs number expectation had been falling for a few days into the print this morning and it was not a good report - it missed low expectations and it seems the market is realizing that the Fed will not rescue it any time soon. GDP expectations are also tumbling and thus hope-driven hyper-growth stocks have been monkey-hammered. This is the worst swing for the Nasdaq since Dec 2011 (with Russell, Dow, and Nasdaq -1% YTD.