Bubble Trouble

Banking on a recovery in tech stocks? Get real. It will take years, but don't give up on equities

My weekly paddle-tennis game has taken an interesting 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...

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