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Nasdaq 5,000! Will this time be different?
At some point in the coming days or weeks, the tech-laden Nasdaq index will almost certainly hit the 5,000 watermark for the first time in 15 years. Sure—big, round stock market numbers are purely symbolic, but this one carries with it quite a bit more baggage. To call it a generation's worth wouldn't be unfair. March of 2000 is the only month in history the Nasdaq ever laid eyes on 5,000, peaking at 5,135.52. Just five months earlier, the index was valued at half that amount, and by the end of the roller-coaster year it would again be down by half. Back then, Nasdaq 5,000 was more than just smoke and mirrors. It ... (full story)
