While many are rejoicing over the Nasdaq’s close above 5,000 for the third time in its history, one analyst is still not impressed.
“If you look at the S&P 500 and the Dow Jones, they’ve exceeded their inflation-adjusted 2000 high. The Nasdaq needs to rally another 36 percent just to get to its March 2000 inflation high,” Peter Boockvar, chief market analyst at The Lindsey Group, told CNBC’s “Squawk Box” on Tuesday. Boockvar added the Nasdaq’s closing number on Monday’s session is only nominal.
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