The stock market of the last ten years has been a wild ride. Let's take a few moments to reflect on just how crazy things have been during this time. This has been a very memorable decade as far as the financial markets are concerned.
Just ten years ago, things were better than they had ever been in the stock market. Just about everything was at an all time high, and things showed no signs of slowing down. People were buying things blindly, despite the fact that P/E ratios were significantly higher than they had ever been.
It seemed like everyone was making a fortune in the stock market. Even taxi drivers were talking about their latest buys, and the mania had gone mainstream like it never had before. People were making more money in a few months' time than they'd typically make over a matter of years.
The NASDAQ's all-time high of over 5,000 still seems surreal today, and things quickly corrected themselves. Many stocks were fractions of their previous high just months after things peaked.
To think that the indexes were as high as they were seems ludicrous in hindsight. Within the span of a few months, the markets had corrected by over 20%. Late 2001 was even worse, as the events of September 11th brought about new financial worries.
Things slowly rebounded during the next few years, until the Dow Jones industrial average rallied to an all-time high in 2006, breaking--,000 at one point. Many feared another bubble that was bound to correct itself.
Not only were the equities markets thriving, but fortunes were being made through foreign exchange currency trading and commodities trading. Even vehicles like ETFs began to spring up and attracted heavy investment money.
As you well know, the end of the decade ended on a poor note, as we've been hit with one of the biggest bear markets in history. On the bright side, things look to be slowly improving and we could very well be on our way back up the roller coaster. - 23204
Just ten years ago, things were better than they had ever been in the stock market. Just about everything was at an all time high, and things showed no signs of slowing down. People were buying things blindly, despite the fact that P/E ratios were significantly higher than they had ever been.
It seemed like everyone was making a fortune in the stock market. Even taxi drivers were talking about their latest buys, and the mania had gone mainstream like it never had before. People were making more money in a few months' time than they'd typically make over a matter of years.
The NASDAQ's all-time high of over 5,000 still seems surreal today, and things quickly corrected themselves. Many stocks were fractions of their previous high just months after things peaked.
To think that the indexes were as high as they were seems ludicrous in hindsight. Within the span of a few months, the markets had corrected by over 20%. Late 2001 was even worse, as the events of September 11th brought about new financial worries.
Things slowly rebounded during the next few years, until the Dow Jones industrial average rallied to an all-time high in 2006, breaking--,000 at one point. Many feared another bubble that was bound to correct itself.
Not only were the equities markets thriving, but fortunes were being made through foreign exchange currency trading and commodities trading. Even vehicles like ETFs began to spring up and attracted heavy investment money.
As you well know, the end of the decade ended on a poor note, as we've been hit with one of the biggest bear markets in history. On the bright side, things look to be slowly improving and we could very well be on our way back up the roller coaster. - 23204
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