That was when it looked like the world was ending and the stock market was little more than a black hole that countless dupes had shoveled money into.
Since then, markets have rallied for a number of reasons, not the least being the Federal Reserve‘s willingness to push nearly $4 trillion of liquidity into the markets and keep interest rates near zero as part of an easy monetary policy on a level never seen in the U.S.
Gaudy as the numbers sound for the major indexes, some individual stocks have done even better.
Some 32 stocks in the S&P 500 and another 13 in the Nasdaq have been what legendary investor Peter Lynch dubbed “ten baggers,” or investments that increased by 10 times their value, or 1,000 percent, during the six-year bull market recovery, according to numbers from Bespoke Investment Group and FactSet.
(No, Apple hasn’t been one of them. The tech giant during the period gained 952 percent as of midday trading Tuesday.)
A look at the “ten baggers” from the S&P 500 and Nasdaq, which on Tuesday marked the 15-year anniversary of its historic peak: