Replies to post #170391 on Biotech Values

[DewDiligence]

While both [DJIA] and S&P 500 are at all-time high, NASDAQ is still more than 1,000 points below its all time high in 2000.

That’s because the technology and telecommunications sectors, which are over-represented on Nasdaq—have been the two worst-performing sectors of the market during the past 13 years. This NYT piece has the details:

http://www.nytimes.com/2013/11/23/business/economy/a-record-market-is-not-all-that-it-seems.html

[DewDiligence]

S&P 500 finishes 2013 +32%*, best annual performance since 1997.

*Including reinvested dividends.