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To: wanna_bmw who wrote (167330)7/2/2002 2:44:04 PM
From: Jim McMannis  Read Replies (1) | Respond to of 186894
 
RE:"Some historical Nasdaq quotes
Just for S&G"

Wow, you sound down...

BTW, what is S&G?

Jim



To: wanna_bmw who wrote (167330)7/3/2002 12:25:24 AM
From: Just_Observing  Read Replies (3) | Respond to of 186894
 
Re: Last time Nasdaq was below 1369 (current quote): May 12, 1997 when it reached 1340.73.

The 1997 dollar was worth about 20% more than current dollars. Assuming an inflation rate of 3.5%, one 1997 dollar buys 1.1877 current dollars. Or the current close of 1357.82 in 1997 dollars is 1142.6.

I am always amazed that everyone ignores inflation when comparing historical prices.


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