So far this month, the Dow is down more than 4 percent, the S&P 500 is down almost 8 percent, and the Nasdaq has fallen over 12 percent.  In fact, the Nasdaq dropped almost 4 percent on Tuesday alone, and at this point it is almost 23 percent below the all-time high.  Needless to say, that puts the Nasdaq solidly into bear market territory.  Tech stocks were at the front of the long march up the mountain, and now they are leading the avalanche back down.  Hundreds of billions of dollars in paper wealth is being wiped out, and a lot of the "experts" are suddenly warning that the worst is still yet to come.