Ah, the heady days of early spring 2000! Yahoo was trading at $178, and Microsoft was over a c-note. P/E ratios for billion-dollar-market-cap firms involved division by zero. In short, the good old days. If, like me, you’ve had a “near-wealth experience,” you might shudder when you read CNet’s recap of the bubble’s rupture one year ago this week — last March 10, the NASDAQ reached its peak, 5,048.60.
No, I don’t know what it is today. No, don’t tell me.