Two major U.S. benchmarks just concurrently reached headline milestones.
Specifically, the Nasdaq has cleared the 2,000 mark, while at the same time, the S&P 500 has edged atop the 1,000 mark.
That's the good news.
The bad news is that both levels were initially surpassed in 1998, more than 11 years ago.
So those buy-and-hold investors that rode out the Internet bubble, and the ensuing crash, followed by the housing bubble, and this year's crash, have been rewarded with their original 1998 investment back, along with a few gray hairs.
PS: astazi am scris si un articol suparat La Coltu' Strazii.
Despre Teodor Meleșcanu, ministrul român de Externe - Pe când era director al SIE, presa a scris că Teodor Meleșcanu strângea ilegal semnături pentru a candida la președinție, cu ajutorul lui Mircea Dogaru, fo...
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