Did We Just Go From a Bear Market to a Stock Market Bubble?
It's amazing what a difference a year -- or even a few months -- can make on Wall Street. In 2021, the mature-business-packed Dow Jones Industrial Average (DJINDICES: ^DJI), broad-based S 500 (SNPINDEX: ^GSPC), and innovation-driven Nasdaq Composite (NASDAQINDEX: ^IXIC), all galloped to record highs. In 2022, they all plunged into a bear market, with the Nasdaq truly taking it on the chin with a 33% loss.
But just five-and-a-half months into 2023, two of the three major indexes are, once again, off to the races. The S 500 and Nasdaq are higher by 15.3% and 31.7%, respectively, through June 15, with the Nasdaq 100 -- an index comprised of the 100 largest nonfinancial companies listed on the exchange -- higher by 39.1%.
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Source Fool.com
