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Technology Stocks : All About Sun Microsystems
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To: Charles Tutt who wrote (49380)6/3/2002 5:59:48 PM
From: Just_Observing  Read Replies (1) of 64865
 
Re: I think this is the worst market I've seen in 30 years of investing. Thanks, Dubya

I cannot agree more with you. The Nasdaq composite hit a high of about 5100 around March 10, 2000 (interday, the highest close was about 5050). Adjusting the highest close for inflation of 3.5%, we can normalize that close to 5450 in today's dollars. Today's close was 1562.56. That's a loss of 71.3% from the high in inflation adjusted terms.

Let's assume some one bought the average Nasdaq stock on March 10, 2000. Now if we get a 7% inflation-adjusted return (10 to 11% nominal) as is the historical average for stocks, it'll take 18.5 years to breakeven. Even if we get 20% inflation-adjusted return a year, it'll take 6.9 years to breakeven.
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