Almost back
The Nasdaq Composite has almost erased its entire decline. After plunging 30% from its 52-week high, the index is back to within 1.5% of it. The four other times it climbed so close, it never failed to deliver, reaching a new closing high within 13 days all four times. It continued higher in the months ahead each time as well. We'll take a closer look at this on Thursday, but for those curious, the dates were1975-05-14, 1989-01-19, 2003-05-30, and 2009-09-28.