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Tom Gardner and Morgan Housel on Inflation, Tesla, and Starbucks
Motley Fool Money
What Happened After 2002, 2003?
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In 2000 and 2001, NASDAQ was down more than 70%. So here we are, we've been down by 35%. I think 40%, maybe at the max, 35% at the max. What happened after is that it turned out that the internet was for real. And so these things are real. These change the real and they are creating the need for new digital solutions. But of course when we were all at home looking at the markets, that was a time of great enthusiasm,. valuations ran very high historically. It's not such an outlier that the S&P is down 15 to 20%. The patterns are there from 20 years ago.
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