Nasdaq near its highs? I think not .... you can see the huge underperformance in the chart at http://www.page88.co.za/cr/sp500-dow-nasdaq.shtml
I didn't say the Nasdaq was near it's high, I said near it's 6 year high! The last time it closed higher than 2379 was 16 Feb 2001, according to the chart I was looking at.
It closed at 2425 that day, then it was ALL downhill from there!