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It Was the Best of Quarters, It Was the Worst of Quarters – Literally

Summary:
The Nasdaq Composite closed the worst GDP quarter in modern history up 31%, which is the second-highest quarterly gain ever. And, oh, the highest ever gain was 35% in, well, the first quarter of 2000. There are some who actually recall what happened next: a 70% crash by October 2002. Of course, the Nasdaq’s all-time closing […]

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The Nasdaq Composite closed the worst GDP quarter in modern history up 31%, which is the second-highest quarterly gain ever. And, oh, the highest ever gain was 35% in, well, the first quarter of 2000. There are some who actually recall what happened next: a 70% crash by October 2002. Of course, the Nasdaq’s all-time closing […]
David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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