The "dot-com bubble" (or sometimes the "I.T. bubble") was a speculative bubble covering roughly 1995â2001 http://en.wikipedia.org/wiki/Dotcom_bust I started using the Internet in 1990 and founded 5 companies in the period 1996-1999. I sold all except one in late 1999.
Actually, the dot com bubble began to burst during late 1999 then tanked in 2000. Just do a 10 year chart on some the known bubble stocks. Example, YHOO, CMGI, PALM, COMS, INTC, JDSU, MSFT, lots more....
nickdes, I agree - I saw the signs roughly 1.5 - 2 months after I bailed out late 1999. I sold because I had been working an average monthly 400 billed hours in 1998 - and I wasn't liking it. I worked 600 hours in may 2008 though - gotta stay away from being a workaholic.
Look at a chart of NQ. Says it all. BTW, I was a full time trader then. It was March 2000. You do know that ANYONE can make those Wiki posts don't you?
Jayford, I know - but it usually converges on a common sense view of what is "factual". But like I have been pointing out - there are "degrees of truth". http://en.wikipedia.org/wiki/Degree_of_truth Philosophically, that is also why you can show anything you want with statistics.
Even after inheriting a huge budget deficit from Bush Sr., Clinton managed to balance the book. That's a fact! Even after inheriting a balanced budget from Clinton, Bush Jr. managed to squander it away on useless things like regime change, which he swore that he would never do as part of his campaign pledge. That's a fact!
Combine Greenspan super-sizing consumption, the Internet emergence and the Cold War demise peace dividend and you got the "formula". http://en.wikipedia.org/wiki/Dotcom_bubble http://en.wikipedia.org/wiki/Peace_dividend But it IS VERY TRUE that the fanatical elitist Neocons supported by the elitist old-money, through the aggressive intervention royally fucked up the world economy flowing through the US. The world reacted negatively to the interference by the US - and this is now culminating with a US meltdown - because the system was not longer being sustainable. http://en.wikipedia.org/wiki/Sustainable_development If you undermine trust and integrity - you got no relationships - social or business. The last presidency broke the trust. Don't mind the corruption in the debt schemes - that could still have been growing. Corruption IS the system in social and economic Darwinism, with a cannibalistic hierarchical pyramid scheme - aka "rat race".
that "computational trust" concept was so timely. I appreciate the link - I think you just gave me the reason to pursue the next step in my business model. I have a few websites that are doing well in CA and now I going to roll the model out nationally.
If you want to know more - you can PM me. I know a LOT about trust modelling and everything Internet-biz related. I used to do a lot of business analysis together with financial analysts and investor firms. I guess you already know of www.techcrunch.com ?
True. Don't get me started on stats. Its a silly argument even if it was under Bush. He is handed a mega bubble based on stocks which for the most part weren't even making money. This bust was going to happen no matter what. This current melt down was inevitable also. Rates way too low, way too long, combined with easy credit. I have been calling for it for about a year (yes I have posted here about it, you can look em up if you have time to waste). Point is, neither bust has been the fault of the Prez. Credit risk has always been something determined by banks themselves, not legislated. Interest rates are 100% up to the FED, with no interference from the Prez or Congress.