The DotCom Crash Revisited

woginuk writes "At 9:00pm GMT today , it will be exactly 5 years since the Nasdaq reached its highest level, 5048.62. From there on it has been downhill all the way. Most of us have been affected by it, one way or the other. The Guardian has a story looking back on the moment and succeeding events."

Comments

Re:Everyone was guilty of hubris at the time

[Anonymous Coward]

Who came up with the e-Idea of e-Appending e-E to e-Everything anyway?

I-i did. Apple with the I-i thing.

Woo hoo

[UES]

Come on, just for old times' same, won't someone please give me $50MM to start my online Post-It sales portal, www.yellowsquare.com?

We give away the Post-its, so we can GET BIG FAST.

Re:Woo hoo

[AndroidCat]

I could put you in touch with some friends from Nigeria...

Re:Nothing for you to see here. Please move along.

[SnapShot]

If NASDAQ levels equals DotCom boom, then a 78% loss of value over the next 18 months sure seems like a DotCom crash. Anyway, I would like to apologize to everyone... I bought my first stock ever (not counting 401k) in a Sure Thing called Constellation 3D (currently trading at 0.0001) in March of 2000. I feel somewhat responsible.

Re:Everyone was guilty of hubris at the time

[filmmaker]

You're right.

Most sincere e-pologies...

Everyone was guilty of "K"ing at the time

[Anonymous Coward]

"Who came up with the e-Idea of e-Appending e-E to e-Everything anyway?"

They're working for the "K"DE project now.

IBM and Apple.

[Anonymous Coward]

IBM came up with the e-Idea of e-Appending e-E to e-Everything.

(The most prominent example is of course, eBusiness.)

But I believe that was after Apple started iLabeling iEverything with an i-I (iMac, iPod, iEtcetra).

Dot Com Litigation

[Shadow Wrought]

Before and after the DotCom Bubble Bursting I was working at a large law firm in Silicon Valley. Prior to the bubble, the corporate lawyers in our office were frantic with work. We were turning away work left and right while the litigators (whom I supported) were calm. Even before the Bubble went *POP* that dynamic was changing. We had less corporate work (fewer deals and IPOs) and the number of upset business folks were starting to make our litigators hop.

At the time I thought it would be humorous to do my own IPO calld $2Bob.com*. There would be no business plan save that all of the money invested would be spent. The IPO sheet would also specifically state that investors should expect no return on their investment and that all of the money would be pissed away on quasi corporate frivolities. If I had been a corporate paralegal instead of a litigation paralegal I might have actually tried it;-)

*The fact that "$" is invalid for a web address made it all the more entertaining to my young self;-)

If

[smittyoneeach]

your financial tree falls in the forest,
and you're too broke to hear it
did the money really exist?

Re:Real Estate Bubble - Stock Bubble-Suicidal Econ

[MightyMartian]

It's hard to "sell high" in a depressed economy. More like buy low, and sell lower.

Ah yes, Decapitalism.

Re:Ok, so maybe it is back on its way up...

[Overzeetop]

Drop me your email address, I get hot stock tips everyday in my inbox. Maybe if I feed them yours they'll leave me alone.

Re:Just for fun

[Ohreally_factor]

You were in school during the Gold Rush? Shit, you're even older than me! =)

Re:Real Estate Bubble - Stock Bubble

[rjelks]

You forgot 12 and 13:

12. ???
13. Profit!