I’m taking a trip down nostalgia lane….Do you remember March 6, 2000?   That was the day the Nasdaq peaked (a.k.a The Dot Com Bubble) at 5,048 and the sky was the limit.   Many investors, speculators and the public heralded as “the new economy” where exponentially growing and astronomical P/E ratios were perfectly justified and rationalized by everyone including your local shoe shine kid.

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Even today, the Nasdaq is below 50% of the peak value and there are no signs of the Nasdaq climbing back to its former glory.   The next anniversary to look forward to is October 9, 2017 which will herald the 10th anniversary of the Dow which peaked on October 9, 2007 at 14,168.  Yeah, I have a feeling that in 2017 it’ll be at or below 50% of the value so perhaps it’ll be floating around 7k to 8k.   I can’t wait to see if I’m right!