NASDAQ Hits 4,000

NASDAQ composite index opened yesterday (02013.11.25) at 4,004.37; hit an intra-day high of 4,007.09; and closed at 3,994.57. It was the first time the NASDAQ was above 4,000 since September 02000. Even at 4000, the NASDAQ is still well below its all-time high of 5,132.52 (intra-day high on 10 March 02000). I liked the following quote.

"It's taken 13 years to get back. It just shows the magnitude of that bubble we expanded back in 1999 and 2000." -- Jack Ablin of BMO Private Bank