On September 6, 2020 in an article titled “The Nasdaq Will Surprise Everyone”, we said the following:
“When compared to the Dow Jones Industrial Average at the same price levels from 2009 to 2012, the Nasdaq Composite needs to correct but there is more room to run.”
Since that time, the Nasdaq Composite declined -11.80% from the September 2, 2020 high.
So far, the Nasdaq Composite has not exceeded the September 2, 2020 year-over-year runup. If you thought that the Nasdaq Composite run has been exceptional since the March 23, 2020 low then the chart below should put those thoughts to rest.
