COVER STORY
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NASDAQ's Crisis
The "market for the next 100 years" is on the ropes. Three years in the grip of the bear market, its tech stars humbled, NASDAQ's revenues and profits are sliding. Superfast rivals are stealing its lunch, and defections to its archrival, the Big Board, are growing. And the SEC won't free it from its parent so it can go after the competition. NASDAQ, once the gateway to capitalism for thousands of small companies, "is on the cusp of a meltdown," says one analyst. And if that happens, it could leave a huge dent in the economy
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