The markets retreated a bit on the last trading day of the week but they are still at or near all-time highs. With that being, said you may be wondering what happened the last time all 3 major U.S. stock indexes were at all-time record highs? Well, that was back in 2000 and what followed the record highs was market shattering, dot-com bubble crash.
As CNBC said today:
“The last time the Dow Jones industrial average, Nasdaq and S&P 500 closed together at new highs was Dec. 31, 1999. Bill Clinton was in the White House, “The Green Mile” was in theaters and the dot-com bubble was nearing its apex. In March 2000, that bubble burst and all three indexes plunged. By the end of 2000, the Nasdaq was down 39 percent, the Dow 6 percent and the S&P 500 10. Two years after reaching their historic highs together, the Nasdaq had lost half its value, and closed down 52 percent on Dec. 31, 2001. The S&P 500 closed down 22 percent in that time and the Dow 13 percent.”