Many stocks actually went up during the dotcom crash.

Hard pause. Really?

I didn’t believe it either, but brought some mind blowing charts to prove that what I’m saying is actually true.

You ready? Feast your eyes.

Two years after the Tech Bubble peaked, there were more S&P 500 stocks up 50% than down 50%.

Consider re-reading that. The stat is absolutely insane.

At the ultimate low, there were still 59 S&P 500 stocks that, measured from the peak of the bubble to the low, actually rallied more than 50%.

Here are the top 10 names.

Tenet Healthcare was up 247% over the period. Lockheed ripped 231%. United Health? Up 217%. These are more than triples. I genuinely did not know this.

Here are the % of stocks within each sector that actually went up during the crash.

68% of Staples rallied as the Nasdaq got crushed. More than 40% of stocks within Financials, Discretionary, Energy, Health Care, and Utilities all went up from the dotcom peak to the low.

This one is nuts. Like truly truly insane.

The average Tech and Comm Services stock fell 69.4% during the crash. But everything else in the index, on average, was up 2.8%.

Here’s my point: the bubble existed in a very specific segment of the market. Technology stocks.

Below I’m showing you the % of stocks by sector that fell more than 20% during the crash.

99% of tech stocks fell at least 20% during the dotcom implosion. Comm Services got nailed. But stocks in the other sectors held up well.

When they say Tech Bubble, they really mean it. Many other stocks actually did okay. Some even thrived.

At least they got the name right.

Michael and I just pre-recorded WAYT. It’s set to go live at 5PM EST. We discussed these charts and much, much more on the show.

Thank you for reading!

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