March 10, 2010

The Lost Decade In Technology

Yesterday was the one-year anniversary of the market trough when the major global stock markets had the bleakest day of the great recession. Today is another ominous anniversary.  Exactly 10 years ago, the Nasdaq Composite Index, a largely technology-focused stock index, closed at an all-time high of 5048.62.  Today, the same index closed at 2358.95, 53% below it's peak of March 2000. The chart below is just a gentle reminder of where we came from...


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