You didn't read this and dot.com was a bubble that blew up.
Seems there is always an excuse on the Republican side: covid, dot com, housing. You know what the Democratic excuse will always be? Republicans fucked up the economy and we have to fix again. Thanks Joe/Obama/Bill for your leadership.
You didn't read this and dot.com was a bubble that blew up.
Seems there is always an excuse on the Republican side: covid, dot com, housing. You know what the Democratic excuse will always be? Republicans fucked up the economy and we have to fix again. Thanks Joe/Obama/Bill for your leadership.
Ahhh you don't know how wrong and ignorant you are since here is what happened:
Smart Investing
Lessons from the dot-com era…20 years later
by
Barry Randall|
January 22, 2020
Excerpt:
Stock market booms and busts are only truly visible in hindsight. We never know if a given week’s broad market decline is just a “pullback” or the start of something bigger. Perhaps much bigger.
I was reminded of this recently when – in the midst of some housecleaning – I unearthed a trove of about 800 stock prospectuses. I’d accumulated these earlier in my career when I worked for other companies as a technology analyst and portfolio manager. Most of these related to the initial public offerings of tech companies between 1998 and 2001.
Thumbing through these prospectuses was a head trip. A journey with a few familiar names like eBay and Yahoo and many,
many more names long forgotten. Click Commerce. Bindview. BAM! Entertainment. Don’t feel bad: I’d forgotten them too. Normally when you mention a public company in a column like this, the lawyers make sure you mention a company’s ticker symbol and price. Mostly unnecessary here: virtually no company represented via these prospectuses still exists, let alone are still publicly traded.
20 Years Ago
So here we are, coming up on 20 years since an infamous market top. The puncturing of the dot-com bubble. It took more than 2 ½ years for the tech-heavy NASDAQ Composite index to fall from 5048.62 on March 10, 2000 to 1114.11 on October 9, 2002, an astounding 78% decline.
LINK
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That is a massive downturn for the economy.
Bush had nothing to with it you ignorant fella!
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The next lesson to reduce your ignorance
Investopedia
The Impact Of 9/11 On Business
By
MARC DAVIS
Updated Jul 7, 2020
Excerpt:
When America was attacked by terrorists on September 11, 2001, the entire business community felt the blow. Stock markets immediately nosedived, and almost every sector of the economy was damaged economically. The U.S. economy was already suffering through a moderate
recession following the dotcom bubble, and the terrorist attacks added further injury to the struggling business community.
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Bush had nothing to do with this either.
I am NOT a "Trumper" or a republican, have many times stated that I am a free thinking independent.
Your partisan views are why you are dishonest and misleading in your claims.