The Nasdaq Composite went from 1,000 to 5,000 in less than five years(1995-2000). It took 17 more years to add another 1000 points.
Today the Nasdaq Composite is headed for its first close above 6,000.00. Since the election this major index has gained over 17%.
Which brings us back to one of the greatest quotes in history…”If the question is when will markets recover, a first pass answer is never.”: Paul Krugman, Nov. 9, 2016. This Nobel Prize winning economist has over 2 million followers on Twitter.
Hat tip Charlie Bilello
Great stuff, from the Center for Freedom and Prosperity Foundation:
Hat tip Glenn Reynolds
Great article here from Roger Kimball, enjoy: www.amgreatness.com