Mad Dow Disease

Since December 31, 1999, the Dow has declined 7%. For many years, the only technology stock in the Dow was IBM. But, due to the great returns of technology stocks, there was great pressure to add more technology stocks to Dow so it would be more competitive with the...

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...