Thursday, March 10, 2005
Posted by Roberto
7:32 PM
0 comments
TIME TO REMEMBER
Five years ago the Nasdaq closed at 5,048.62
March 10, 1995, the Nasdaq traded below 800
March 10, 2000, the Nasdaq had an intraday high of 5132.52
March 10, 2005, the Nasdaq is currently trading at 2059.72
The Nasdaq's climb from 3,000 to 5,000 had taken just a little more than four months. But as of March 2000, the Nasdaq proceeded to fall 77.9 percent to its post-bubble low of 1,114.11 on Oct. 9, 2002.
Have we learned to focus on business fundamentals such as revenue growth and profitability? Probably not, because there are events that occur that do change mind-sets. Just think about Google, where shares are currently trading at $180, more than double their $85 IPO price.
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