Lessons From The Nasdaq's New High

Lessons From The Nasdaq's New High by Brad McMillan, Commonwealth Financial Network

It's been 15 years since the dot-com boom and bust, and the Nasdaq has finally reclaimed its old high. Both the Dow and the S&P 500 have hit a bunch of new highs since then, but the Nasdaq, which flew higher and crashed harder, didn’t make it back to the top of the mountain until yesterday.

What can we learn from this?

The long run may be longer than you bargained for. The idea that stocks always go up in the long run may be right, but the long run can be a really long time. Fifteen years certainly wasn’t what investors had in mind when they bought in...