Byline: Jeff Ostrowski
Dec. 30--It's not quite as momentous as the Dow pushing past 10,000, but the Nasdaq Stock Market set its own milestone Monday, topping 2,000 for the first time in nearly two years.
The tech-heavy Nasdaq soared and swooned along with the Internet economy. It briefly topped 5,000 in March 2000 before bottoming out at 1,114 last year.
While its climb offers hope for investors, skeptics warn against reading too much into the Nasdaq's rebound. After all, investors who bought during the dot-com bubble are far from recovering their losses.
"The Nasdaq is still down 60-odd percent from its all-time peak," said Palm Beach …