“While the current rally shares few things in common with late 1999, by my estimation it is just as impressive given its unforeseen nature and the fundamental backdrop from which it began,” Sinn added.
Kimble Charting Solutions points out that the Nasdaq-100 lost 80% of its value between 2000 and 2002 when the bubble popped. It has taken the index a decade to recoup about 50% of the loss.
PowerShares QQQ
Full disclosure: Tom Lydon’s clients own AAPL.
