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It has been quite some time since my last newsletter, so I thought I might as well start with a doozy of a headline.
Actually crazy rallies in the Nasdaq have happened before. The index doubled in 18 months starting in 1998, just before it crashed in early 2000. Check out the chart below.
In 1998 the index crashed 30% to rally quickly, take out the previous highs and more than triple from the low of 1500 to 5000.
If that repeats it means the index would reach well over 20,000 in just 18 months, after it recently crashed 30% to 7500 in March this year.
In 1999 after the initial first big rally from the 30% sell off, the index paused and then rallied on to double. Will it happen again?
Unlikely? Probably, but I did say it was a doozy of a headline to grab your attention.
I will be discussing this phenomenon and a few other market topics at my upcoming seminar.
Monday night, the 21st Sept (apologies for the late notice) I am doing a presentation online for the Sydney ATAA. If you are not a member you can get free access if you follow the instructions below.
Normally a visitor pays $15 to attend, however for anyone interested in attending, the Sydney chapter is offering a free visit using the promotional code below.
SYD1STVISIT
Simply enter the code on registration after following the instructions in the link below. Be nice to have you along.
Peter
“History Doesn't Repeat Itself, but It Often Rhymes” – Mark Twain.
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