Dot-com bubble 10 years old today

Today, March 10th 2010 marks the 10th anniversary of the height of the dot-com bubble.

On this day in 2000, the NASDAQ peaked at 5,132.
Today it stands at 2,348 – a 54% decrease.

In essence what happened was that investment fundamentals were completely ignored, as the importance of a company annual profit or loss was replaced by the ‘potential for capital growth’.

On the plus side, the world learned from this mistake and never repeated it again.

Never.

Never ever.

Never ever ever !

https://www.piece-a-cake.com/images/10th-birthday-cake.jpg

  • note the bears on the cake :stuck_out_tongue:

not in tech stocks anyway. Which is probably a good thing, sort of.

This is the article from Barrons on March 20th 2000 that punctured the market

To me, thats the essence of investing - profits !
When did Irish property last experience positive cash flows ?

Personally it peaked for me in December '99, RHAT at $136, crazy crazy days 8DD

Were you a flipper then? :smiley:

Interestingly, if you’d bought Amazon and Ebay in 2000, you’d be back in profit now.

Not quite :wink:

Just regret I couldn’t sell all I had on that day, I’d be on a beech instead of in front of a computer today. Ended up with $6 per share for the rest a year or two later :cry:

Ah go on, you would have pumped it into property.