Here in Austin we have always been acutely aware of the influence on our economy of the technology stocks traded on the NASDAQ. The NASDAQ just hit a five-year low today when it closed at 1603. For a little perspective, note that a high point reached two-and-a-half years ago on March 29th, 2006, was 2337. For a little more perspective, remember that the NASDAQ's all-time high occurred on March 10th, 2000, at 5132. Depression, anyone?
