. History is littered with them, only for the real pain to eventually hit. The four scenarios below are reminders of just how long this unravelling could take.The last time technology stocks were in a bubble, in the late 1990s, the Nasdaq Composite nearly quadrupled in value over three years. Then, after peaking in March, 2000, the infamous dot-com crash wiped out 78 per cent of the index’s value, erasing all of those gains and then some.
The Nasdaq’s current correction is already a painful one, with the index down 35 per cent from its record in November, 2021. But it’s only been one year, and the low interest rates that propelled the tech rally aren’t coming back soon.producers should be worth as much as they were before recreational marijuana use was legalized in October, 2018. There were simply too many of them and the legal market was only so big – because the black market would take time to dissolve.
It never happened, and the Horizons Marijuana Life Sciences Index, which tracks Canada’s publicly traded cannabis companies, is down 88 per cent from September, 2018. It’s just that it took years for the bottom to fall out.The first glaring sign that there was trouble with securities tied to the U.S. housing market came in August, 2007, when French bank BNP Paribas froze US$2.2-billion worth of investment funds with links to subprimeassets.
Lol, our federal government is doing nothing to alleviate the pain
Corrections? So the market has been wrong? Will it be made to write 'I will not hyperinflate real estate' 100 times on the chalkboard? Will the market have to wear a dunce cap and stand in the nation's corner? Will the market have its knuckles rapped by an enraged proletariat?
Thanks for more doom and gloom. Always refreshing first thing in the morning.
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