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MARKETS: FAANG stocks whacked again—here's how it gets worse, and how it gets better

The recent market darlings -- the FAANG stocks -- are either in bear market territory or right on the cusp. Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Google's Alphabet (GOOGL) are all down 20 percent or more from their 1 year high. But Apple is holding on by a slim margin. The stock would need to close at 185.65  or below ... to officially be in bear territory. The Dow has had a rough month. It has already lost more than 12-hundred points from its November high  just 11 days ago. Yahoo Finance's editor-in-chief Andy Serwer and Jared Blikre join Alexis Christoforous to break down the latest market action.