New York Times’ Floyd Norris on the 2003 market:
“So powerful was the market’s advance that many stocks – including most of those in the Standard & Poor’s index of 500 stocks, the leading barometer of large companies’ stock performance, and most in the Russell 2000, a leading indicator of the performance of smaller companies’ stocks – are now higher than they were when those indexes peaked in 2000.
For the year, the Dow Jones industrial average was up 25 percent and the S.& P. 500 gained 26 percent, while the Nasdaq composite rose 50 percent, and the Russell 2000 picked up 45 percent for the best year in its 25-year history.”
Energized by the Economy, Small Stocks Lead the Way to Big Gains
By FLOYD NORRIS
NYTimes, January 2, 2004
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.