LOL, if the bottom Dow is 7,000 to 10,000 it might
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Posted On: 03/13/2020 8:53:57 AM
LOL, if the bottom Dow is 7,000 to 10,000 it might take a while. But put that decline figure in perspective. From March 2000 until October 2002, the S&P 500 lost almost exactly 50% of it's value.
https://www.finviz.com/futures_charts.ashx?t=ES&p=m1
The NASDAQ 100 lost 66% of it's value in that same period of time. But remember that was the years of the internet bubble popping
https://www.finviz.com/futures_charts.ashx?t=NQ&p=m1
A side point, I wish BTI was still a stock(Bally Technologies). That stock has since been bought out. But, in the exact 2 and 1/2 year period, that stock went up 106 fold. Yes if you invested $1000 in it you could have had $106,000. Bally made slot machines and back in those years Indian casino's were popping up here in the USA, but also casino's were exploding all over the world. So, even in a nasty bear market, a few stocks can go up, good luck finding them, lol.
https://www.finviz.com/futures_charts.ashx?t=ES&p=m1
The NASDAQ 100 lost 66% of it's value in that same period of time. But remember that was the years of the internet bubble popping
https://www.finviz.com/futures_charts.ashx?t=NQ&p=m1
A side point, I wish BTI was still a stock(Bally Technologies). That stock has since been bought out. But, in the exact 2 and 1/2 year period, that stock went up 106 fold. Yes if you invested $1000 in it you could have had $106,000. Bally made slot machines and back in those years Indian casino's were popping up here in the USA, but also casino's were exploding all over the world. So, even in a nasty bear market, a few stocks can go up, good luck finding them, lol.
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