3 ms·
How often does the Nasdaq go up 40% and then stay up? I don't really know anything about the stock market, but do you really need to be a maverick to guess that
by ilaksh 3y ago
How often does the Nasdaq go up 40% and then stay up? I don't really know anything about the stock market, but do you really need to be a maverick to guess that it might go down again?
- unforeseen9991 3y agoThe problem isn't knowing it might go down, it's knowing when it might go down, and how far.
- fullstackchris 3y agothat's what everyone said in 99 when nasdaq basically doubled in a year... then continued to more than double the year after that! a lot of guys blew up being too early trying to guess when the selloff would finally happen... they're called bulls for a reason - they're not the brightest, but you gotta be sure to either join 'em or get the heck out of the way while they're in control!
- andromeduck 3y agoBut how much higher can the market really go with interest rates like this?
- aidenn0 3y ago"The market can stay irrational for longer than you can stay solvent"
- dragonwriter 3y agoThe market did great in the 1980s, and the Fed Funds rate averaged about 10% over the decade and never dropped below about 6%, which is higher than it is today. So, there's that.
- rubyn00bie 3y agoLast year, the entire Nasdaq was rocked with companies like NVidia, Meta, Tesla, Netflix, Apple, Google down anywhere between ~35-70% from their all time highs. A rally of this magnitude is notable, but they're by-and-large just regaining ground they already had (save NVidia which just rocketed past its all time highs). For some perspective on how much those megacaps influence the entire index, the top ten companies in the Nasdaq account for ~50% of the entire index.
- arcticbull 3y agoSince it's right around ATH right now I'd say 100% of the time, give or take.