I say, big deal. People have short memories. Remember when it was at 4500 and rising? I got the historic data for the NASDAQ and plotted it on this graph. I didn't adjust for inflation, which is obviously a huge factor for 35 years of data, but you get the gist. Eventually we will be back to 2000 highs, but it's going to take decades probably.



Update: Thanks blogfather for the mention. I typically post about international affairs, biology, and politics. Fortunately this post isn't nearly as contentious as my previous instalanche
(which was later validated by our local paper)

Update2:



This graph shows the NASDAQ composite adjusted for the 1971 CPI. In the 90s, the NASDAQ steadily increased, then soared in 2000, then plummeted again. However, it can now be seen that in the 2000s the NASDAQ has barely increased at all. Which goes to show, according to this data, the heady days of 2000 are, for now, behind us.