Back in the 1990s, the technology-dominated Nasdaq was best known for minting millionaires. Today, the Nasdaq is the red-headed stepchild of the U.S. stock market.
After all, the S&P has hit almost 40 new record highs in 2014. The venerable Dow Jones index has notched more than 20 new highs this year. Meanwhile, after almost 15 years, Nasdaq has yet to regain its highs.
Let’s recall some history…
On March 10, 2000, the peak of the dotcom bubble, the Nasdaq hit an all-time high of 5,049.
Then the bubble burst, wiping 80% off the value of the index.
Fast forward read more…