Six Years Ago Today

The Nasdaq first broke 5,000. The index reached its highest close on March 10, 2000 at 5048.62. Ah, good times those were.
Thirty-one months later, the Nasdaq closed at 1114.41, a loss of 77.9%.
It’s roughly doubled since then, although the Nasdaq is still over 55% off its high.
Assuming the average long-term growth rate of stocks, the Nasdaq should make a new high around May 2014.

Posted by Eddy Elfenbein on March 9th, 2006 at 2:05 pm

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