Not What You Think

I see numerous pieces observing that the NASDAQ 100 has lost 30% over the last year or so, True enough, but if you think the pain must be over, keep this in perspective. All of those gains were put in from mid October 2020 through late December 2021, about 15 months. And they were given up by October 2022, the NDX has flat-lined since. The 2009 lows are down 90% from here. Only 86% though if you take inflation since 2009 into account.

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