Talk Your Book: A Short History of the Nasdaq 100

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 17 February 2025

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Emily Spurling, SVP, Global Head of Index at Nasdaq and Mark Marex, Senior Director of Index and Research and Development to discuss the original inception of the Nasdaq 100, understanding tech exposure within the Nasdaq 100, why Nasdaq is winning the listing race, why companies enter and exit the index, thinking about the dot com bubble and the Nasdaq 100, and much more! Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Feel free to shoot us an email at [email protected] with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Past performance is not indicative of future results. The material discussed has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's Animal Spirits Talk Your Book is brought to you by NASDAQ. Go to nassdac.com to learn more about the NASDAQ 100, which is celebrating its 40th anniversary this year, all the other different products and indexes that NASDAQ offers. Nasdaq.com to learn more.
0:15.2	Welcome to Animal Spirits, a show about markets, life, and investing. Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.
0:24.6	All opinions expressed by Michael and Ben are solely their own opinion and do not reflect the opinion of Riddholz wealth management.
0:30.9	This podcast is for informational purposes only and should not be relied upon for any investment decisions.
0:36.7	Clients of Riddholt's wealth management may maintain positions in the securities discussed in this podcast.
0:44.8	Welcome to Animal Spirits with Michael and Ben.
0:47.3	Michael, I feel like the Dow is still the only index where you talk in terms of points.
0:52.7	The Dow is up 500 points or or it's down 500 points.
0:56.0	You don't really talk about the S&P or the NADSEC 100 in terms of points, but let's look at the
1:00.6	NADCIC 100. It topped out at about 4,500 in 1999, early 2000 for the dot-com boom and bust.
1:08.8	It bottomed in the 800s, call it, in March 2009.
1:14.2	So pretty big fall.
1:15.8	It is now, it reached in December the highest level ever of just over 22,000.
1:20.4	It's in 21,000 now.
1:21.7	So 800-ish to over 21,000 since the dot com or since the great financial crisis ended.
1:29.4	Not a bad run.
1:31.4	And it's become one of the preeminent benchmarks that there is.
1:35.3	And dare I say, a core holding for many investors these days.
1:38.8	So we spoke on the show, like when did this happen?
1:41.6	There's not like a, there's not a moment in time.
1:43.3	Maybe there is it not as far as as I could tell. But if you could say like, okay, when did this happen there's not like a there's not a moment in time maybe there is it not as far as
1:44.5	as i could tell but if if you could say like okay when did when did jim kramer start opening his show
	...

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