Long Term Perspective
The Dow Jones Industrial Average parted company from the NASDAQ composite index in 1999. Tech stocks soared in 1999, but corrected in 2000 and 2001. The Nasdaq composite increased more sharply than the Dow during the exuberant years, but also fell more dramatically during the rational years. Note that the left axis shows much wider variation for the Nasdaq composite index than the Dow Jones Industrials on the right axis.

Short Term Perspective
Stock prices fell on a year-over-year basis once again in November, but the major indices did rise in both October and November on a monthly basis.

S&P 500 vs. Russell 2000   •   Dow Jones Industrials vs. Nasdaq Composite

Wilshire 5000 vs. PSE Technology 100   •   Interest Rate Yield vs. Stock Market Growth