Steve Martin wrote:
agip wrote:and another day of all time highs for non tech indices...
Maybe agip will weigh in and tell us what he meant by "non tech indices". NASDAQ or something else?
well the nasdaq is about 55% tech, but the borders are porous - is Amazon a tech stock? Or Ebay? They aren't counted as tech stocks in the Nasdaq 100 even tho they hae a large tech component.
I just meant tech stocks in general are not at all time highs. For example, the fidelity tech sector fund, fsptx, is still 40% below its 2000 high. I think that is a good measure of price level, although it probably doesn't count dividends.
http://finance.yahoo.com/echarts?s=FSPTX+Interactive#symbol=fsptx;range=my;compare=;indicator=split+sma(200)+volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
and almost all the big 90s tech stocks are still below their tech bubble highs. intel is down to 26 from 75, Msft down to 37 from 57, qcom down to 73 from 88. Amazon is the exception - up to 400 from around 100.
Is there a tech index that we can look at for 20 year returns? not sure.