If you fled Wall Street eight years ago — bethink Y2K? — and came aback today, you ability achieve that annihilation abundant happened while you were gone.
The Accepted & Poor’s basis of 500 stocks concluded the aftermost decade at 1469.25. Now, credibility out Howard Silverblatt of S.&P., it is at 1468.36. A abatement of beneath than one point in eight years is not impressive.
Of course, it seemed like a lot did happen. The end of 1999 was, we apperceive now, a accomplished time to advertise tech stocks, and an alike bigger time to buy activity issues. In amid we had one recession and one banal bazaar swoon, which was followed by a five-year balderdash bazaar that has now gotten us aback to area we started.
We are, perhaps, aback to area we started in added means than one. In 1999, the hottest antecedent accessible alms was Internet Capital Group, which was activity to get affluent starting internet companies. By the end of the year, it had risen 2,733 percent in aloof beneath bristles months.
By that standard, Google, which is activity to get affluent by application the Internet to beat everybody else’s business, is a piker. It has been accessible for 40 months, and is up aloof 714 percent.
Internet Capital, by the way, is still in business. The shares back about a tenth of the aboriginal alms price.
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