« The Nasdaq has soared 285 percent, the S&P 500 is up nearly 210 percent and the Dow industrials have surged 172 percent since the market bottomed on March 9, 2009. That was when it looked like the world was ending and the stock market was little more than a black hole that countless dupes had shoveled money into.
Since then, markets have rallied for a number of reasons, not the least being the Federal Reserve’s willingness to push nearly $4 trillion of liquidity into the markets and keep interest rates near zero as part of an easy monetary policy on a level never seen in the U.S.
Some 32 stocks in the S&P 500 and another 13 in the Nasdaq have been what legendary investor Peter Lynch dubbed « ten baggers, » or investments that increased by 10 times their value, or 1,000 percent, during the six-year bull market recovery…
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