The NASDAQ: Back To The Future?
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.
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
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