THE INDEXES

For those whose who were watching the markets at the end of the 90's beginning of the 00's probably remember NAZ/NDX 5000 which seems like a long ways ago and interesting how those indexes never got near those highs while the SPX RUT DJIA all made new highs in 2007.

Easy to see why as the following components of those "tech heavy" indexes now stand as follows:

INTC -73%

YHOO -80%

MSFT -53%

BRCM -85%

QCOM -50%

CSCO -73%

EBAY- 53%

ORCL -54%

DELL -63%

VRSN- 86%

MRVL -60%

SNDK -80%

AMGN -41%

NTAP-66%

GRMN -70%

NVDA -64%

SHLD -64%

AKAM-90%

AMAT -70%

Those are primarily tech stocks and they never got any where near the old high prices hit at the "bubble."

Just wondering if we now are facing the same type of issue with the SPX/DJIA as many of the stalwarts in those indexes have cratered and will probably never reach anywhere near their old highs again:

GE -53%

HD-69%

HIG -45%

HOG -56%

HOT -55%

ICE -55%

JPM -55%

LEH -84%

M -68%

MBI -95%

MCO -59%

AIG -80%

BAC -60%

C -73%

CME -57%

EK -85%

FDX -37%

FHN-86%

FTIB 83%

FNM -90%

FRE -90%

GCI -90%

GM -90%

MOT -89%

MS -65%

NCC -90%

NYT -75%

PFE -64%

T-63%

WFC-40%

USB -46%

WB -80%

TWX -85%

That is clearly a small sample and the energy stocks were a small counter balance to the crushing illustrated above- just don't think we are getting anywhere near those old highs any time in the short/intermediate term.