rose 133%, while today’s leading bubble stock—Tesla—was up 110% from September to peak. Pure dot-com areas roughly tripled, just as cannabis funds have this time.
Trading behavior was similar, too. The end of 1999 was when fear of missing out drove dot-com skeptics—including institutional investors and holdout hedge funds—to buy anyway, while day traders drove extraordinary day-one gains for internet IPOs. Looking back, what I don’t recall about the dot-com bubble is just how boring the S&P 500 was over the final months of Nasdaq boom and bust. The S&P was down just 4% from its March high by mid-June in 2000. That isn’t so different to today, when the S&P has continued to make new highs despite the crash of fashionable stocks.
When an individual is a savvy short trader one can only hope. There’s the damn tick rules though now but that’s okay, they usually fly fast and hard in the same direction as the momentum when trading resumes. Still long $TSLA almost 10 years now Puuuuuhhhhhh!!!! 😜
15-30 percent look anything like the dot com? WSJ is supposed to have better writing than this
Cause it was never fixed The gobbermint is in on pillage and feudalism