You Said It: A TSC Weekly Poll: When Will the Nasdaq Next Hit 5000?
John Edwards
05/29/00 - 02:55 PM EDT
With the Nasdaq Composite Index
down nearly 40% from its March 10 record close above 5048, the road back to 5000 looks long indeed. Something does seem to have changed -- a mad, exhilarating dance has lost its music, and sometimes it seems as though we'll never hear that old tune again.
At times like this it's worth remembering that stocks remain just about the best long-term investment around, and a reversion to the mean would be none too shabby over the course of, say, 10 or 15 years. But that's small solace for those who leapt in near the top to snatch some fast gains. Tell us when we'll be whirling in that Nasdaq 5000 tarantella again, and take our weekly sentiment poll, too.
Here's how you voted.
Question: When will the Nasdaq next hit 5000? | Responses: 4499 | Last updated: Tue May 30, 9:00 AM EDT | | In two months or less. |  2% | | In three to nine months. | 28% | | In a year to 18 months. | 41% | | In more than 18 months. | 25% | | What's the half-life of uranium again? | 4% | |
Question: What's your sentiment on the stock market? | Responses: 4408 | Last updated: Tue May 30, 9:00 AM EDT | | Very bullish. | 9% | | Somewhat bullish. | 30% | | Neutral. | 25% | | Somewhat bearish. | 27% | | Very bearish. | 9% | |
