Thursday, April 28, 2022

Time to buy tech?

Historically speaking, buying tech stocks as soon as they enter a bear market has been one of the best money-making strategies on Wall Street. The Nasdaq has entered a bear market a handful of times over the past several decades. Every time, it bounced back quickly and with vigor.

Average one-year gains in the Nasdaq after entering a bear market? 22%. Average three-year returns? 52%. Average 10-year returns? Almost 330%.

Luke Lango