Even now, after a 34% plunge in the Nasdaq 100 Index that’s wiped $6.7 trillion off the benchmark’s value from its peak a year ago, investors are worried about missing out on the next big rally in technology stocks.
The remarkable optimism of everyone from growth-fund managers to Wall Street analysts and mom and pop traders has held up through raging inflation, Federal Reserve interest rate increases, disappointing earnings and a slowing economy. The Nasdaq 100 fell 3.4% Wednesday after the central bank’s latest move.
