We will limit this blog to comments on philosophy, religion, theology, economics, sociology, history, physics, mathematics, politics, current events, computers, sports, art, culture, programming languages, nightlife, travel, artificial intelligence, ethics, food, and secret sex tips gleaned from years spent with various Himalayan masters. So don't expect it to cover everything.
The Daily News took a look today at the performance of major stock indices over the past 5 years -- all are down. The Nasdaq is still at 40% of its 2000 high. And the raw numbers ignore inflation, so the real performances are worse than they look. It will take the "buy-and-hold" people who bought in early 2000 decades to get back to even -- just like it did after 1929.
posted by Gene Callahan @ 12:29 PM
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