It’s been long time.
We’ve come a long way from NASDAQ 1200 to NASDAQ 5000.
The once tech heavy index once accounted for a large number of Internet and technology related companies during the go-go years of the mid 1990s to about March of 2000 where the euphoria of endless « profits » wasn’t believable and people probably waited to a psychological mark, like 5,000 to dump the stocks and companies like Pets.com.
The NASDAQ hit about 2,600 at the peak of the decline thanks to the Financial Crisis. It went down to below 2,000 and came back up.
However this same happiness and pom-poms and NASDAQ hats wern’t worn since March where the NASDAQ finally hit the record. The business channels were too focused on the price heavy Dow Industrials or the value focused S&P. Sure the S&P is better market measurement, but that is not to say a composite of…
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