COMPQ Nasdaq Composite 1-Minute Chart NASDAQ PRINTS 5000 FIRST TIME IN 15 YEARS

The Nasdaq prints 5K for the first time in 15 years at 10:29 AM EST on 3/2/15; levels not seen since the tech bubble in 2000. The Nasdaq all-time high is 5132.52 on 3/10/00 and all-time closing high is 5048.62 on 3/10/00; so there is more work to do for the bulls. In addition,  the inflation-adjusted high for 5K in 2000 is 7K nowadays. Thus, 7K is needed to compare equally to the dotcom bubble at 5K.

Nonetheless, congratulations to the bulls, or more correctly, congratulations to the central bankers now acting in collusion around the world. The PBOC rate cut is the latest global goose that can be given credit for pushing the Nasdaq higher. NXPI and FSL announce a merger deal that will create a $40 billion company creating a boost in semiconductors and the Nasdaq. AAPL trades higher boosting the Nasdaq and is the key influence in sending the COMPQ above 5K. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.