NASDAQ Math: 85 – 39 = 12.8

In 1999 the NASDAQ went up an astonishing 85%, and then followed that feat with a stunning –39% drop. Most investors would assume that 85% – 39% would leave them with a return of 46% for the two years combined. Would you believe it is only 12.8%, which averages...

Client Update – January 10, 2001

Most investors will be glad to say goodbye to the year 2000. The S&P 500 had its worst performance in over 10 years and the NASDAQ suffered its worst loss ever, down 39%. As expected, most Wall Street pundits predict a rising market in 2001 (as they did for...