Nasdaq now eclipses the European stock market – In search of Alpha
Even at its tech bubble peak in March 2000, the Nasdaq (QQQ) ended this month slightly smaller than the Euro Stoxx 600. While the tech-heavy Nasdaq had risen, driven by investor mania for Internet-related stocks, it was always worth less than the combined market cap of a pan-European stock index. After all, the Euro Stoxx 600, represents around 90% of the combined market capitalization of not…
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