On July 17, 1995 the NASDAQ Index crossed 1,000 for the first time; just 5 1/3 years later, on March 9, 2000 it crossed 5,000. In the period perhaps $12 Trillion of wealth was created in US stocks.
The five following stocks of the era, the ‘nifty five’, grew in market cap by almost $2 trillion during the five plus year period, accounting for 1/6th of this stock wealth creation.
The entire U.S. stock market did not reach a worth of $2 trillion until 1985 ($2.27T). On that glorious day, March 9th 2000, these five equities represented about 11% of the entire US stock market value of perhaps 20,000 publicly traded equities.
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