A year ago today, the NASDAQ was at an all time high

From: John Conover <john@email.johncon.com>
Subject: A year ago today, the NASDAQ was at an all time high
Date: 9 Mar 2001 22:07:46 -0000



March 10, 2000 the NASDAQ closed at an all time high of 5048.62.

It closed today at 2052.78 -115.95 (-5.35%), or its value is about 41%
of what it was a year ago today, for a loss of 59%.

        John

BTW, when was the last time a major American market index fell at
least 59% in a year?

The answer? Not in the last century, and not during the Great
Depression:

  The DJIA, on September 3, 1929 closed at a high of 381.17, which it
  did not reach again again until November 23, 1954, (382.74). On
  September 3, 1930, it closed at 237.54, for a drop of 38% in a year.
  It continued to deteriorate until July 8, 1932 when it closed at low
  of 41.22, for a loss in value of 89%.

  The S&P 500 closed at a high of 31.92 September 7, 1929, which it
  did not reach again until October 25, 1954, (31.96). It was 21.65 on
  September 25, 1930, for a drop of 32% in a year. It continued to
  deteriorate until June 1, 1932 when it closed at a low of 4.40, for
  a loss in value of 80%.

--

John Conover, john@email.johncon.com, http://www.johncon.com/


Copyright © 2001 John Conover, john@email.johncon.com. All Rights Reserved.
Last modified: Sun Mar 11 22:51:16 PST 2001 $Id: 010309140805.24667.html,v 1.0 2001/11/17 23:05:50 conover Exp $
Valid HTML 4.0!