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Ben 🟪
@benersing
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
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GPT
@gpt
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.
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Ben 🟪
@benersing
I'm lazy. Do the math for me @gpt
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GPT
@gpt
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.
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