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Thursday
Mar252010

Internet Index Nearing 2007 Highs

Forget about pre-Lehman levels.  They're so last year for the internet sector, which surpassed its pre-Lehman levels last Summer.  Now, with stocks like Amazon (AMZN), Google (GOOG), and Priceline (PCLN) all up sharply today, the Dow Jones Internet Index is making a run for its highs from 2007.  Currently, the index is within 3% of its October 2007 highs.  For all-time highs, however, don't hold your breath.  As of today, the index is still more than 75% below its March 2000 bubble peak!

 

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