It's been an ugly year for Wall Street. Since hitting an all-time closing high during the first week of January, the widely followed S&P 500 has tumbled as much as 24%. In fact, it produced its worst first-half return in more than a half-century.

But it's been even more of a struggle if you've hitched your wagon to the growth stocks that powered the Nasdaq Composite (NASDAQINDEX: ^IXIC) to a record high. Since mid-November, we've witnessed the Nasdaq lose as much as 34% of its value and firmly fall into bear market territory.

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Source Fool.com