Unhappy Fifth Anniversary

Today is the fifth anniversary of the top of the bull market, at least as indicated by the Nasdaq composite index (the DJIA had peaked a couple of months earlier).

On 3/10/2000 the Nasdaq stood at 5049. By the time the bear market saw its worst day (10/9/2002), the index had dropped to 1114 (a gut-wrenching 78% plunge). Today it closed at 2060 (up 85% from its low, but still down 59% from its high).