The Nasdaq Plunge 15 Years On

Last month we celebrated the 15th anniversary of the great Nasdaq top. On March 10, 2000, the Nasdaq Composite closed at 5,048.62. It’s never closed that high since.

Yesterday was the 15th anniversary of the Nasdaq’s biggest one-day plunge. On April 14, 2000, the index fell 9.67% in one session.

The Nasdaq had started drifting downward after March 10, but it wasn’t until April 14 that the selling really started. It wouldn’t let up. The index lost 33% in just 10 sessions.

big04152015

(Note the numbers on the vertical axis; these are big moves.)

After May, the Nasdaq recovered a bit and many investors thought the storm was over. It was just beginning. There was another selling fury that fall. After 9/11, the Nasdaq was 72% below its 2000 high. It went on to make even lower lows in 2002.

Posted by on April 15th, 2015 at 10:07 am


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