Nasdaq 100 vs Historical Series
Rebased to start of bubble (100 = first month)
Each chart shows how an asset behaved during a famous market bubble. Prices are normalized so the first month equals 100, allowing direct comparison across different markets and time periods.
Red line = Nasdaq 100 (Oct 2022 → now) Blue line = Historical series
The Great Depression (1921–1932)
Dow Jones Industrial Average
Gold boom (1976–1982)
Spot gold
Japan asset price bubble (1986–1992)
Nikkei 225
Dotcom bubble (1994–2002)
Nasdaq Composite
US housing bubble (2000–2009)
Case-Shiller index
China stock market bubble (2005–2008)
SSE Composite
Sources: Bloomberg, FRED. All series are normalized so the first month of each period equals 100.
