Cisco (CSCO) is down 74% from its 2000 high.
Microsoft (MSFT) is down 53% from its 2000 high.
Dell (DELL) is down 76% from its 2000 high.
Intel is down 71% from its 2000 high.
I made the charts by manually sliding the time frame bar on Yahoo so I may not have found the actually highs but they are close and it really is amazing and shocking and speaks to how crazy things got in 2000.
5 comments:
Roger: Your charts on Intel, Cisco, Microsoft are also a dramatic demonstration of why the NASDAQ remains so far below its all time high while the S&P and Dow are close to their historic highs. NASDAQ remains at least 40% below its 5000+ high.
the numbers are astounding
True statements above, but a chart of GE would look amazingly similar (less than 1/2 of its 2000 high).
Good illustration of what happens when a bubble bursts. Some years down the road I think we'll see a similar pattern in the price of long term bonds, US Treasuries included. Wish I new how many years to go :-)
The risk associated with long-term bonds is very high right now. Maybe short-term bonds are OK if you have to have that type of income, but going out further is, in my opinion, very risky.
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