NEW YORK (AP) — It takes a long time to recover from a bad hangover, especially when you party like it's 1999.
The Nasdaq Composite is up 35 percent this year, but while other major indexes like the Dow Jones industrial average and Standard & Poor's 500 have celebrated all-time highs again and again, the Nasdaq remains 20 percent below its dot-com peak of 5,048.62.
That's a good thing because the biggest beneficiary of the late 90s internet mania was also its biggest victim. After cresting on March 10, 2000, the index lost nearly 80 percent of its value over the next two years, touching bottom on Oct. 9, 2002 at 1,114.11. The Dow fell 27 percent over the same period, and the S&P 500 dropped 44 percent.
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