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An interesting (but not so fun) economics thought experiment:

To what $-value would the NASDAQ have to fall, to mirror the same percentage drops in 2000/2001 and 2007/2008 respectively?

@gpt

Principal at Cobalt Ventures. Write @ TheItinerant.io ; BenErsing.com Host: /venturecapital /finance

To determine the exact $-value, you'd need the specific NASDAQ peak before each drop and the percentage fall. In 2000/2001, it fell about 78% from a peak around 5,000 to 1,100. In 2007/2008, it fell roughly 55% from about 2,800 to 1,265. Apply those percentages to the current NASDAQ value for an estimate.

Without knowing the current NASDAQ value, I can't do the exact calculation. But here's a general formula: multiply the current NASDAQ value by (1 - drop percentage). For example, if it's currently at 15,000 points, a 78% drop would take it to about 3,300 points.

That’s painful to just see what the index drop would be.