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The NASDAQ: Back To The Future?

The NASDAQ: Back To The Future?
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It has almost been 15 years since the NASDAQ Composite hit its last record high.

At the apex of the internet bubble, the tech-heavy gauge topped out at 5,048, with Microsoft Corporation (NASDAQ: MSFT), Intel Corporation (NASDAQ: INTC), Cisco Systems, Inc. (NASDAQ: CSCO), Sun Micro and Oracle Corporation (NYSE: ORCL) leading the way.

That bubble burst on March 10, 2000 and the average plummeted over 70 percent in subsequent years, as tech and telecom went into a depression.

Related Link: ITG Chief Economist: We're Still Guzzling…Just Not Gas!

Fifteen years later, the NASDAQ is riding fewer horses as large as the big cap names of a bygone era, but still boasts being home to the company with the biggest market value of all-time...Apple Inc. (NASDAQ: AAPL).

If the NASDAQ can gain as much as it did on Thursday by Friday's close, that all-time high would be history in about four short sessions.


Image credit: Andrea Puglonni, Flickr

Posted-In: Technicals Trading Ideas Best of Benzinga


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