The Nasdaq Composite since 1972 has had two declines over – 50% (- 58% from 1972-1974, – 75% from 2000-2002). The chart doesn’t look so bad because it is logarithmic. . .
What about the other major asset classes? Below is a table of 5 major asset classes: US Equities, Foreign Equities, US Government Bonds, REITs, and Commodities. Since 1972, total return data. All have had quite substantial drawdowns. . .