The Dotcom Bubble
(I began publishing my monthly newsletter The Bob Livingston Letterâ„˘ 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, â€śIf 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.â€ť The Net & Techs? Most will disappear. The rest will lose 95-98% of their todayâ€™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.)
Bob Livingston is an ultra-conservative American and author of The Bob Livingston Letterâ„˘, founded in 1969. Bob has devoted much of his life to research and the quest for truth on a variety of subjects. Bob specializes in health issues such as nutritional supplements and alternatives to drugs, as well as issues of privacy (both personal and financial), asset protection and the preservation of freedom.
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