Since the market lows on March 9, 2009, the NASDAQ is up exactly 200%. Is there more room on the upside for it?
Four and a half years after hitting their lows, all the major market indices are up by huge amounts. But one index is crushing them all – the NASDAQ Composite Index.
Since the market lows on March 9, 2009, the NASDAQ is up exactly 200%. Meanwhile, the S&P 500 Index is up 150% and the Dow Jones Industrial Average is up 131%. Sure, they’re all fantastic returns, but not the full tripling that the NASDAQ did.
Picking up the two of the top five components of the index when the NASDAQ hit its 2009 lows would have given investors an even greater return still. Apple stock is up 474% and Amazon is close behind at 419% since the spring of 2009.
As great as that all is, the NASDAQ still is just barely even to where it was in July 2000 and a quarter less than its March 10, 2000 peak of 5,048.62.
So, what’s next for the NASDAQ?
Looking at the NASDAQ Index’s fundamentals is Erin Gibbs, Equity Chief Investment Officer at S&P Capital IQ Global Markets Intelligence. Gibbs is responsible for over $5 billion in equity assets under advisory. Analyzing the charts what it means for the future is Talking Numbers contributor Richard Ross, Global Technical Strategist at Auerbach Grayson.
The NASDAQ may have tripled in less than half a decade, but is there more room on the upside for it? Watch the video to see what the fundamentals and technicals have to say about it.
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