Politics and Economics

Boom, bust

Wow, it’s over two years now since the dot-com bubble burst. Joel has a couple of tables of figures showing stock comparisons, one from last week, and one from two years ago.

The table from October 2000 shows how a selection of tech stocks were prices in that month, compared with their 52-week highs. Lots of 90%+ losses there. This years’ table shows how those same stocks are faring now, compared with their prices back then. Almost all of them are significantly down again, and by similarly large percentages. But that’s over a two year period, as opposed to a 3 month crash.