A Look at the Equities Market During the Last Decade
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.
Looking back to the beginning of the decade, things really opened up with a bang. Internet stocks were in play, and the tech boom brought about new highs in both the NASDAQ and the DJIA.
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.
A rebuilding mode set in during the next few years, and some steady gains followed through 2006, at which point some of the indexes once again set new records. Investors were optimistic about market conditions and money was beginning to flow back in.
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.
Once again, the doom kicked back in and the markets hit their lowest points since the 1990s. Things have since rebounded a bit, but it makes you wonder where we might be headed next. Something tells me that wherever we go, it'll be a wild ride - 23212
Looking back to the beginning of the decade, things really opened up with a bang. Internet stocks were in play, and the tech boom brought about new highs in both the NASDAQ and the DJIA.
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.
A rebuilding mode set in during the next few years, and some steady gains followed through 2006, at which point some of the indexes once again set new records. Investors were optimistic about market conditions and money was beginning to flow back in.
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.
Once again, the doom kicked back in and the markets hit their lowest points since the 1990s. Things have since rebounded a bit, but it makes you wonder where we might be headed next. Something tells me that wherever we go, it'll be a wild ride - 23212
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posted by X - Men @ 8:27 AM
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