We were having an interesting discussion in the office
yesterday Friday on the subject of rally gains.
While we are still in year end, review mode, consider this chart: If you bought the Nasdaq when the war began in March 2003, you did pretty well.
However, nearly all of your gains for the past 3 years came in 2003. Since then, the Nasdaq returns have been mediocre.
The Chart looks different for other indices. We’ll take a at other indices later this week: the Dow Industrials, Transports, Utilities, S&P 500, and the Russell 2000 . . .