(I began publishing my monthly newsletter The Bob Livingston Letter™ in 1969. The following is an excerpt from the April 2000 issue in which I warned of the collapse of the dotcom bubble and advised my readers to get out of tech stocks before they lost everything.)
Growth Stock Outlooks writes, “If the Dow and the S&P 500 should really hit the skids, and the NASDAQ falls 60-80%, all sorts of financial hell will break loose, compounded by exploding derivatives. The NASDAQ sold at 208 times earnings in February 2000, dead ripe for a memorable decline.” The Net & Techs? Most will disappear. The rest will lose 95-98% of their today’s market value. You can tell your grandchildren that you saw it!
(Dotcom stocks peaked in early March 2000. Over the next year most dotcoms disappeared.)