It’s no secret that 2022 hasn’t been good for the stock market, but even more so for the Nasdaq. In fact, even after last week’s 5.4% rally, the Nasdaq is down about 26% year to date through the close on Friday, June 24. That’s a big, BIG number…
I felt a little historic before I left for vacation, so I filmed a video covering the history of Nasdaq bear markets including the dot-com blow up, when I started my trading career.
So it’s a little bit of a trip down memory lane when I learned some of my most important lessons.
History rhymes, so this is a great time to look back at Nasdaq bear markets to see how things played out over the course of months and years, giving us a framework to deal with what’s happening right now.
A History of Nasdaq Bear Markets
As I’m sure most of you have seen in my content here on WealthPress.com, my appearances on Cheddar and on the WealthPress Live Roundtable…
I’ve been bearish this year but for good reasons — and I’ve been right. There are things that have clued me into what was going to happen and things I’ve seen before in my career as a professional fund manager and prop trader.
I’ve also seen a lot of super smart people who have been lulled into a sense of complacency. And that’s because for the past 10 years-plus, people have been rewarded for buying the dip.
They’ve been conditioned to believe that we only have these short windows where stocks pull back… only to then shoot back to new all-time highs. And that’s just not the case in a bear market.
Check out my video up top and let’s discuss the history of Nasdaq bear markets, and see what could be coming in the next weeks, months… and maybe years.
Are there any topics you’d like to see me cover or questions you’d like answered? Send me an email at jeff@joyofthetrade.com! And be sure to stay ahead of the markets by subscribing to our YouTube channel and our Instagram page for all of the latest!
P.S. This Could Change Everything for You…
Legendary trader Tom Busby and Senior Strategist Roger Scott are pulling back the curtain for the first time in history…
On what Tom’s calling the “Single Stock Game Plan.”
Not only is this game plan designed to keep you from having to stare at your computer, the news and stock charts all day…
But it can also help give you the peace of mind in trading that you deserve!
This single stock attack plan has been crushing it this year while the broader market has been a disaster.
And it’s all been accomplished by simply tapping into just one single stock each week!
