My weekly paddle-tennis game has taken an in- teresting turn. I play with a trader and two money managers, and lately, points lost on the nasdaq have been discussed more hotly than those lost on the court through blurred vision and spot rule revisions. To sharpen our focus and have a bit of fun, at our last outing we each made a stab at how long it will take the nasdaq to get back to its March 10 record close of 5,049. The surprising results spurred me to widen the sample last week with calls to 10 other Wall Street types. Their range of answers ran along the same lines as that of my paddle-tennis pals. The quickest predicted recovery was 12 months; the most drawn out, seven years. The biggest cluster by far was around a five-year recovery, which is the eye opener.
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