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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."
Up your ass!
RIP KLERCK
First Post!
Words cannot describe this moment
I cant believe we traded our Amazon.com stock for George W Bush :(
The .com crash never really happened.
I've been a programmer since before this supposed "crash", and it didn't affect me one bit, nor did it affect any of my friends/family who were in the IT industry.
I think the stories behind it are mass marketed BS with no real purpose in mind.
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?
YOU FUCKING FAIL IT!
Honestly, that was perhaps the absolute worst attempt at First Post I have ever been witness to. It is the 8th post, and it was a whole 2 minutes behind the actual 1st post. The English language lacks the ability to describe just how monumental your failure is, but I will try anyway. Your failure is so huge that it will kill more people than that tsunamai back in December. Your failure is so huge that crops around the world will be lost and millions will starve to death. Your failure is so huge that everybody lost a few minutes of their lives. Your failure is so huge that the U.S. DOD is diverting resources from Iraq to deal with it. Your failure is so huge that intelligent life in distant galaxies can detect it without the aid of a telescope. Your failure is so huge that it went back in time and caused the "Big Bang". In fact, your failure is so monumentally huge that people stopped paying attention to the Michael Jackson trial for an astonishing 3 minutes! Unfuckingbelievable!
Seriously, that guy is a fucking freak show. I can't understand why people are so fascinated with that shit. It must be a Jewish / Nigger conspiracy.
If you find this post offensive, don't read it! THINK ABOUT YOUR BREATHING! I am what I am because of how apes behave.
noah
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
Let me be the first to say:
Everybody who doesn't buy, now, will be priced out forever. Anybody who does buy will be rewarded with a lifetime of riches, as their property will continue its 25% yearly price increase.
Renters, and anybody born in a future generation, will not be able to afford a $5,000,000 starter home in 15 years. They will live in tent cities, and hondas.
This asset bubble is different than all of the others - it will never slow down, or pop. The gains are permanent.
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.