A. Nobody is looking at the March 2000 peak as the bogey.

Wave fell 79.3 percent from its March peak to its April low.

But Wall Street lost faith in it, and sent the stock price down nearly two-thirds from its March peak of $61.

From their March peak, Cisco shares have fallen 40 percent.

The index is now 27.2 percent below its March 10 peak, firmly in bear-market territory.

While it remains up 1.96 percent on the year, it is down 17.8 percent from its March 10 peak.

How then to account for the Standard & Poor's 500-stock index dropping more than 28 percent since its March 2000 peak?

It has fallen some 77 points, or about 9.5 percent, from its March 18 peak.

The price of copper had more than doubled from early 2003 until the March peak.

The Nasdaq composite index is still down about 55 percent from its March 2000 peak.