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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Charles Tutt who wrote (49380)	6/3/2002 5:55:41 PM
From: cfimx	Read Replies (1) \| Respond to of 64865

dubya didn't force you to buy suncom all the way down, did he?

To: Charles Tutt who wrote (49380)	6/3/2002 5:59:48 PM
From: Just_Observing	Read Replies (1) \| Respond to 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.