Have previous bear markets impacted the level of the stock market TODAY?

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Have previous bear markets impacted the level of the stock market TODAY?

<!-- SC_OFF --><div class="md"><p>What if there hadn't been a <a href="https://dot.com">dot.com</a> crash in 2000-2003 or a housing crash in 2007-2009? These two events crashed the stock market by about 50% during these periods.</p> <p>What impact did these stock market crashes have on today's stock market? Maybe today's prices are actually higher today because so many investors bought at the end of the bear markets trying to catch a bargain. Or maybe because the stocks were so depressed by these events that we never really recovered fully.</p> <p>What would the value of QQQ, VTI, and SPY be at today if the two bear markets in 2000-2003 and 2007-2009 never happened?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/BunChargum"> /u/BunChargum </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/sum1d9/have_previous_bear_markets_impacted_the_level_of/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/sum1d9/have_previous_bear_markets_impacted_the_level_of/">[comments]</a></span>Kind Regards R