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The DotCom Crash Revisited

Posted by Hemos on from the navel-gazing-at-its-finest dept.

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."

5 of 528 comments (clear)

  1. Around this time 2000... by timothykaine · · Score: 0, Troll

    I cant believe we traded our Amazon.com stock for George W Bush :(

  2. "At 9:00pm GMT today... " by JCOTTON · · Score: 0, Troll

    Last time I was in New York, they were on Eastern Standard Time. -5 hours. That would put the time just before closing at 4:30pm.
    Otherwise, who cares?
    I do know of a techie that had just bought an expensive house, and invested everything else on margin into NASDAQ. He lost everything, lost his job, got divorced. OTOH, I kept my COBOL job, and am doing ok, B"H.
    The bubble burst just about the time that the SEC was investigating Microsoft. Correlation?

  3. The Xbox did it? by noahm · · Score: 0, Troll
    Going back in time 5 years ago, one also notes another event that took place on the same day: Microsoft unveiled the Xbox. It's been all down hill since. Coincidence? I think not! My theory is that everybody took so long to get used to those wretched controllers that they forgot to actual pay attention to their companies. By the time they got back, things were too far out of control.

    noah

  4. Re:Nothing for you to see here. Please move along. by freedom_india · · Score: 0, Troll
    It did NOT, Repeat NOT start under clinton administration.

    We had a NICE budget SURPLUS then. Not a GAPING defecit and a clueless man-in-charge who continues to jump at shadows

    --
    "Doing what i can, with what i have." ~ Burt Gummer
  5. The cause of the crash... by Baldrson · · Score: 0, Troll

    The reason the dotcom era crashed was because the damn xenophobes running the country didn't let visionaries like Sun's Scott McNealy hire more really bright Israelis and Indians.

    --
    Seastead this.