Nasdaq 100 rose 3% for the first time since the dot-com bubble era. Why it brings up old memories of this ‘scary’ period

[mwai_chat context=”Let’s have a discussion about this article:nnThe tech-heavy Nasdaq 100 index on Thursday scored a daily advance of over 3% to close at its all-time high for the first time since March 2000, a scene in some ways reminiscent of the dot-com era over two decades ago which led up to the bursting of the bubble preluded the recession, according to Bespoke Investment Group.  “March 2000 is certainly a scary period to think about for investors,” said analysts at Bespoke in a client note viewed by MarketWatch on Friday. “Even though the Nasdaq 100
NDX
hasn’t experienced an over 3% gain to close at all-time highs since March 2000, there were 32 of these instances throughout the 1990s leading up to the ultimate dot-com bubble peak.” (See chart below)

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