] Here's some sobering math. If the Nasdaq were to surge 50
] percent a year (like it did last year) for the next three
] years, it would not reach 5,000 again until sometime in
] early 2006. Of course, a 50 percent increase in the
] Nasdaq is not exactly the norm.
]
] Even if the Nasdaq has several consecutive years of 20
] percent gains -- which would still be above the normal
] historical rate of return for stocks -- it wouldn't hit
] 5,000 again until the beginning of 2009.

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Investors have learned from Nasdaq 5K