“The Nasdaq has soared 285 percent, the S&P 500 is up nearly 210 percent and the Dow industrials have surged 172 percent since the market bottomed on March 9, 2009. That was when it looked like the world was ending and the stock market was little more than a black hole that countless dupes had shoveled money into.
Since then, markets have rallied for a number of reasons, not the least being the Federal Reserve’s willingness to push nearly $4 trillion of liquidity into the markets and keep interest rates near zero as part of an easy monetary policy on a level never seen in the U.S.
(…)
Some 32 stocks in the S&P 500 and another 13 in the Nasdaq have been what legendary investor Peter Lynch dubbed “ten baggers,” or investments that increased by 10 times their value, or 1,000 percent, during the six-year bull market recovery, according to numbers from Bespoke Investment Group and FactSet,” CNBC reports.
Here is a look at the “ten baggers” from the S&P 500 and Nasdaq, which on Tuesday (March 10) marked the 15-year anniversary of its historic peak.
Courtesy of CNBC
Courtesy of CNBC
Recently, Michael Snyder noted that on March 9th, 2009 the S&P 500 hit a low of 676.53. Since that day, it has risen more than 200 percent. There are only two other times within the last 100 years when the S&P 500 performed this well over a six year time frame. In both instances, the end result was utter disaster.
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Posted by bilunov77 | March 17, 2015, 1:32 pm