Loading ...“Lets Put Some Lip Stick On This Pig” You guys remember those commercials? How about Channeling Stocks Dot Com? Remember? “This young office worker is retiring early thanks to ChannelingStocks.com. He traded the same stocks, buying when they were low and selling at their peaks, to make himself a continual profit. At least he’s leaving behind his stapler.”
https://www.ispot.tv/ad/7mJM/channeling-stocks-stapler
“The dotcom bubble, also known as the internet bubble, was a rapid rise in U.S. technology stock equity valuations fueled by investments in internet-based companies during the bull market in the late 1990s. … It would take 15 years for the Nasdaq to regain its dotcom peak, which it did on April 23, 2015.”
The dot-com bubble (also known as the dot-com boom, the tech bubble, and the Internet bubble) was a stock market bubble caused by excessive speculation of Internet-related companies in the late 1990s, a period of massive growth in the use and adoption of the Internet.
“The crash that followed saw the Nasdaq index, which had risen five-fold between 1995 and 2000, tumble from a peak of 5,048.62 on March 10, 2000, to 1,139.90 on Oct 4, 2002, a 76.81% fall. By the end of 2001, most dotcom stocks had gone bust. Even the share prices of blue-chip technology stocks like Cisco, Intel and Oracle lost more than 80% of their value. It would take 15 years for the Nasdaq to regain its dotcom peak, which it did on April 23, 2015.”
News from April 1999,
“Last January, leading online broker Charles Schwab & Co. reportedly had fifty-five million hits at its Web site in one day.(2) It also registered more than one billion hits at its Web site during the entire month as record numbers of investors accessed online trading accounts and research.(3)
Nearly all online brokerage firms are experiencing increasing demands on their system resources. Indeed, so far this year there reportedly has been a thirty percent industry wide surge in online trades to 440,000 transactions each day.(4)
Additional assaults on system resources are likely. One recent industry analysis forecasts that the number of online trading accounts will nearly quadruple from approximately 6.4 million online accounts in 1998 to 24 million online accounts by 2002.
Comment:
Today’s stock markets seems like a repeat of the 1990s cycle top. Except in March 2000, Commodities were at a rock bottom 20 year down trend and a 120 USD index. Plus this Dow SnP uptrend is a lot stronger. It just shrugged of the COVID like a sneeze. Lets wonder, predict, and bet, on what the next big event will be.
A crazy GameStop up-spike type chart with the US Dollar?? Or a crazy GameStop up-spike type chart with Silver and Gold?