Nasdaq Correction: 31 Since 1971, and How They Ended
The Nasdaq is now 11% below its October record. Of 31 drops this size since 1971, 18 stopped short of a bear market. What history says, and what to watch.
How today’s stock market moves compare with decades of history: corrections and how long they lasted, what happened after elections, and how hot stocks and big IPOs fared later. Every comparison is calculated from long-run official and market data.
The Nasdaq is now 11% below its October record. Of 31 drops this size since 1971, 18 stopped short of a bear market. What history says, and what to watch.
Americans voted on Nov. 3. In the 13 midterms since 1974, the Nasdaq was higher six months later every time. What that pattern can and can’t tell you.
Since ChatGPT’s launch the Nasdaq-100 is up about 136%. At the same point in the dot-com boom it was up 320%, then nearly doubled again before an 83% crash.
SpaceX trades about 23% below its first-day close. Of nine of the biggest US listings, six were lower a year after day one, and only two beat the S&P 500.
Micron has fallen about 46% from its June record. Since 1990 it has dropped 40% or more six other times. Two years later it was usually still below the peak.