The last time the Nasdaq COMP +0.03% traded this high, these were the headlines. See how closely you can get to the exact date without clicking through.
Northern chill sends oil price up over $35 a barrel - World oil prices began to shoot past the $35 mark overnight as the first cold snap of winter hit the northern hemisphere. Supply concerns about heating oils in the US, the world’s biggest market, helped trigger the rises as the American Petroleum Institute revealed that US stocks had fallen by 55,000 barrels in the week ending 10 November. One industry expert warned a cold winter could cause parts of the US to run out of heating oil and trigger ‘a human tragedy’.
MP3.com pays $53.4 million to end copyright suit - MP3.com has agreed to pay $53.4 million to end its copyright infringement suit with Seagram’s Universal Music Group, a deal that sent its shares sharply higher in Wednesday trading.
The Second Coming of Steve Jobs - Jobs complained to Random House, the parent company of Broadway Books, months in advance of the publication of Alan Deutschman’s new biography. The book is a damningly complete picture. Deutschman interviewed close to 100 of Jobs’ friends, co-workers, and competitors, and he has crafted a detailed picture of a dictatorial perfectionist who humiliates employees and mistreats nearly everyone else. According to the author, Jobs refused to support his baby daughter for the first year of her life, argued against paying severance to longtime Pixar employees who were laid off, and forced the studio’s founders to give back all of their stock when the company faltered.
In Nod to AOL, Time Promotes Top Executive – New York Times - Signaling Time Warner’s effort to integrate its operations with those of America Online, the company’s magazine division, Time Inc., named Walter Isaacson, the managing editor of Time magazine, to the position of Time Inc. editorial director yesterday.
SANCTIONS AGAINST IRAQ ARE GRADUALLY ERODING - With help from Russia, France and the Arab world, Iraq has ended a de facto air travel embargo. Now it’s chipping away at 10-year-old U.N. economic sanctions and seeking more control over its oil riches. Baghdad’s high-profile campaign to end its long diplomatic isolation appears to be gaining momentum. Long-closed borders with Jordan and Saudi Arabia are opening up to U.N.-approved goods.
A year after curbs, Bin Laden still in Afghanistan - One year after the United Nation sanctions were imposed to force Afghanistan’s ruling Taliban movement to hand over Osama bin Laden, the accused “terrorist” remains in his sanctuary and Washington ponders how to step up the pressure.
The date? November 15, 2000. Long time ago, huh? Interesting that Steve Jobs was barely back in the saddle at Apple when that bio came out and on that the very same day, his official biographer from years later, Walter Isaacson, was promoted at AOL/Time Warner.
How about the oil, Iraq and Afghanistan headlines? Perspective anyone?
I’ve been saying for a the last three to four years that these stock markets were likely headed into a major bubble and I think we’re getting closer all the time. But that doesn’t mean we shouldn’t step off the gas a little bit when the markets hit 12 year highs. Don’t chase. Wait til the next pullback. There will be one.
If you’d like more history lessons like this, be sure to check out my new book, “Everything You Need to Know About Investing“ currently the #1 best-selling Investment Education book at Amazon.
Cody Willard writes Revolution Investing for MarketWatch and posts the trades from his personal account at TradingWithCody.com. At time of publication, Cody was net long Apple. Follow Cody on Twitter at twitter.com/codywillard. Cody’s #1 best-selling Amazon book, “Everything You Need to Know About Investing,” is available in digital and in paperback.