The Nasdaq Is About to Do Something It Has Only Done 4 Times Since 1986. History Says the Stock Market Will Do This Next.
The Nasdaq-100 is having an incredible year. It has delivered a gain of 51.9% so far, marking a sharp reversal from 2022 when it plunged into bear territory.
But a gain of more than 50% in a single year is incredibly rare. In fact, it has only happened four times since the Nasdaq-100 was established in 1986:
The back-to-back monster gains in 1998 and 1999 preceded the dotcom tech crash, which led to three straight years of stock market declines from 2000 to 2002. That era was littered with internet companies that had very little financial success supporting their sky-high valuations, which is very different from the environment we are in today.
Source Fool.com