Nasdaq · April 23, 2015
Fifteen years back to the dot-com high
+353.82%
trough back to the old high
3,155 trading days · 2002-10-09 → 2015-04-23
this undid the slide that began 2000-03-10
What happened that day?
- From the 9 October 2002 low to 23 April 2015 the Nasdaq rose 353.82% — 3,155 trading days
- It undid the dot-com bust that began in March 2000. The hole was deep enough to take 15 years to climb out of
- The deeper the fall, the steeper the climb needed. Halve a number and you need to double it to break even; leave only a fifth and you need more than four times
- The recovery was not led by the bubble-era companies. It came from the few that built a business that actually made money, and from firms that appeared later
- Smartphones arrived and finally completed the revenue model — advertising and apps gave internet companies a way to actually collect
- The 2007–09 financial crisis knocked it down hard along the way, but that was an event inside this recovery
- The March 2000 high was passed on 23 April 2015
Sources
Every figure on this page is recomputed from the original daily closing prices and checked against them at build time. The account of what happened is written from the sources listed above.