Thursday, October 23, 2008
NASDAQ Hits Bottom
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?