A headline today:
Nasdaq at 6-Year Low
Interesting. Today, the Nasdaq closed at 1299. On March 10, 2000, the Nasdaq peaked at an intra-day high of 5,132.52, and closed at an all-time high of 5,048.62.
How honest is a headline that emphasizes “6 years” when speaking of the Nasdaq? Isn’t the Nasdaq STILL in a 9-year drawdown of -74%?