Google News returns 122,000 hits for the search phrase: NASDAQ Composite June 23, 2015 record or all-time
So is it true? Could the NASDAQ hit a high higher than the peak of Dot Com era when every American who wanted a job held a job?
In True Dollars™, which are the only dollars that count, the NASDAQ Composite is quite far from the all-time high.
The NASDAQ Composite hit an all-time high on 3/6/2000 peaking at $1,032.37 in True Dollars™. All who lived through that time as an adult will quite remember the Dot Com mania that abounded throughout America.
Americans were flush with jobs and with cash. Truly good times had been flowing for awhile for Americans.
There is no way the NASDAQ Composite today is at a true all-time high. Americans are far from good times. Many Americans have yet to leave hard times behind.
Today's NASDAQ Composite close is down -61.8% from the all-time high and a tinge higher (1.9%) than where it marked at true peak GDP hit at the end of Q4 2007, but down -16.8% from the peak hit during the Greenspan-Bernanke Inflation Bubble, the biggest credit bubble in the history of mankind.
Cash in circulation is up 150.2% since the all-time high and is up 52.9% since the March 2009 NASDAQ low. In True Dollars™, the NASDAQ Composite is up 116.3% from the March 2009 low.
Along with the quality charts I share like the one above, below is the kind of quality report I will be making on offer soon to subscribers that tracks ETF trading instruments.