https://www.macrotrends.net/1320/nasdaq-historical-chart
Looking at the NASDAQ composite from the 70s to now, there's a curve of best fit. When the graph is seen from a logarithmic perspective, there's a line of best fit. Generally speaking, over the course of time, the growth of the NASDAQ seems to yield larger returns as the decades change and as more time passes by. Recessions and depressions come and go. But over the long term, can this style of growth be expected? Is it sustainable? The NASDAQ went from 2750 in 2005 to 9000 in 2020; can we reasonably expect growth of the same factor, reaching somewhere around 29500 in 2035? I know past performance is never an indicator of future performance, but this trend seems to have held for over 40 years. Given the technological sector's continued growth and the weighting of tech companies on the NASDAQ, it seems as if this trend can only be expected to continue. Is there something I'm missing?
Submitted July 25, 2020 at 08:25PM by seventhcircleoflimbo https://ift.tt/3hA0Wr6
