How bad will Tech Wreck 2.0 get?

Last night witnessed a resumption in technology stock selling on Wall Street. The drivers of this are obvious. During periods of rising interest rates, growth stocks underperform as investors look to more immediate yields over long-term returns:

Nasdaq Everest

Nasdaq Everest

So, how inflated is the Nasdaq and how far has it got to fall? First question first. A few charts from Goldman. The bubble is not as widespread as it was in 2000:

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