Investing Lessons From the Dot-Com Crash
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This episode of the CMQ Investing podcast explores the build-up and aftermath of the Dot-Com Stock Market Crash. The following comes from a CNN Money article circa 2000:
"Call it the $1.755 trillion dot.com investing lesson. It\'s hard to think of a publicly traded Internet company that is not down at least 75 percent from its 52-week high and that hasn\'t trimmed its expenses or laid off workers. While industry groups have always drifted in and out of favor on Wall Street, it\'s rare to see an industry evaporate as quickly and completely as Web stocks did...Of the 280 stocks in The Bloomberg Internet Index , 79 are down 90 percent or more from their 52-week high. Another 72 are down 80-89 percent. Only five are down less than 5 percent."
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