Slashdot Mirror
Dot-Com Craze Peaked 10 Years Ago This Week
netbuzz writes "When the NASDAQ stock index hit its all-time high of 5,133 on March 10, 2000, it had more than doubled in a year and the dot-com bubble was already leaking in a big way. A week later the NASDAQ had fallen 9 percent. A year later it was below 2000. Gone were such poster children of the era as Pets.com, Kozmo, and — who could forget? — Whoopi Goldberg's Flooz. Here's a look back."
It depends: Did you do the same thing in mortgage banking a couple of years ago?
And you've learned some important lessons about investing, like:
1. Don't trust hype.
2. No, really, don't trust hype.
3. If you invest on momentum, you've probably already missed the boat.
4. Profitable companies are better investments than unprofitable companies for a reason.
5. Don't be afraid to be conservative. You might not make as much as the folks who risk a lot, but you're much more likely to hang onto your cash.
I am officially gone from
And large banks.
And airlines.
And auto manufacturers.
And newspapers.
And publishers.
And Malls/retail.
God, I just got myself depressed again.
When you don't have a manufacturing sector, it's hard to create actual wealth. When corporate structures have co-opted your government into forcing you to compete with third world wages and shifted the tax burden from the richest to the middle class, it's impossible.
Hey, welcome to 18th Century France! I can't wait to see what happens next...